The Future Direction of China’s Economy - Keynote Speech by Professor Jeffrey Sachs
ฝัง
- เผยแพร่เมื่อ 15 พ.ย. 2023
- NEW YORK CITY, November 15, 2023 - Amidst declining net trade and foreign direct investment (FDI), a deceleration in infrastructure and capital investment, and persistently low consumer confidence levels, the question arises: What will fuel China’s future economic growth?
Notably, total factor productivity (TFP) growth in China has seen a significant slowdown in recent years. In this context, the dual influences of technology development and China’s aging population are pivotal factors shaping TFP growth and, consequently, GDP growth in China. All these factors have implications for China’s role in the global economy.
China Institute holds discussion with internationally-renowned economists Jeffrey Sachs, Yasheng Huang, Paul Sheard, and Tao Wang to draw analyses and insights following President Xi's meeting with President Biden in San Francisco.
This program is coordinated and moderated by Susan Yuqing Feng, Director of Programs, China Institute.
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Watch the panel discussion with Yasheng Huang, Paul Sheard, and Tao Wang here: • The Future Direction o...
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Jeffrey Sachs for the next president of the USA lets get an expert in for a change.
Absolutely not he's a pro China shill.
Haha！👎👎
很难😢这影响了美国政客背后的利益集团。教授现在没有受到人生威胁并且持续发声就是我们最感谢的事情了。我们有太多的中国国际友人莫名其妙的自然死亡，这是我们担心害怕并且愤怒的事情。愿教授永远身体健康，生活顺心。❤
Respect Jeffrey Sachs of speaking out the truth against the majority of Americans. A high moral standard and brave individual. We need more of him so that we can have a peaceful world.
If you only knew how badly he's hated here you would be in shock.
If so, then this means he speaks the absolute truth ... I have followed him for a long time, and in my opinion, he is the best scholar of this time in this World !!! @@TacticalMayo
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*Hated in the very first place by YOU, the legendary Mr@@TacticalMayo! 🙄
@@fabiengerard8142 by all of us in the United States.
Prof. Jeffrey Sachs is superb with the courage speak out on the confrontation policy that endangers the world and global economy.
❤ excellent speech. Thank you for speaking the truth. 👍🌹🙏🙏🙏🙏🙏🙏🙏
Goodconversations, prof.sachs.
Imagine how great America would be with a President Jeffrey Sachs
As much as I respect Dr. Sachs, he wouldn't survive the powerful evil elites. He'd meet the same fate as JFK.
Yes, Prof. Jeff is more right than John, whose theory is merely based on Hobbes’ understanding of human nature. That was instrumental, and was designed to defend the restoration of the Stuart monarchy. So is John, and his theory is designed to defend the brutality of US hegemony.
John Mearsheimer is nothing more than an imperialist.
@@stevewang2 Jeffrey has said many times that he likes him...I don't get it.
No. There is no right of wrong here. One deals with the nature of the human race, the other, the limitless potential of the human race...
We need both of them to understand ourselves, and to be able to progress in the right direction...
@@kpewliu4348 The wrong with Hobbes’ (and Mearsheimer’s) theory is that their assumption of human nature is very partial. According to Biology or Anthropology, Human nature is largely cooperative, or we can’t live together in the first place.
However, many scholars of political science advocate the assumption that human is by nature brutal. That could justify the wicked history of the invasion of America. Besides, war is beneficial to the American military-industrial complex. Therefore, such an assumption is useful to make scholars popular.
Whatever the case it's true that John yearns for unipolarity, American dominance, and to crush China and any other powers. He's just honest when most imperialists are not. Jeffrey does NOT feel this way
You said it, in the best way it could have said.
Omg thank you! Nice to know there are some logical people left
Mesmerising speech, delivered at very critical times. The world leaders need to calm down and lower the temperature before we all fall off the brink. Deepest respect to jeffrey sach for being the grown up in the room. He is definitely one of the greatest scholar of our lifetime 🙏
Should have never challenged the United States for their number one spot.
@@TacticalMayo Whether China is No. 1 is not judged by China nor the United States. It's being judged by the world. People can see what China does and what China says
@@jinye6222 it doesn't matter we think we are the ones that will get crazy over it ☢️
@@TacticalMayo It's inevitable though. Eventually, even India will be above US. Now, will there be a war as the Anglos confront this inevitability? Sure there will be. Will it be the end of the world? No, because the Anglos tend to stop at mutually assured destruction. That is, aggression will stop they are assured of destruction, ie, the cost becomes too high. So there will intense competition and minor wars during this adjustment period.
The USA was born out of violence, grew out of violence, thrives out of violence. There's no single generation that did not fight it's own war since the foundation of the USA. The war is in every American DNA. And the war is made more palatable to them because all of them are fought outside their borders, the distractions, deaths and misery is always born by "others". Currently the Ukrainians are paying very dearly, and the next in line are the Taiwanese. And, for sure, some people's bank accounts are seedling, the arms dealers are laughing to the bank.
I have been listening to Dr Sachs. Presentation ,he is so insightful ,full of intelligent views ,he said things that the neoconservative in US
Tried to mislead and fool is in both geopolitical area,being a great economist ,he has good assessment,he is for peace ,not for hegemony
And war,,thank him for his incessant effort to foster world wide understanding, peaceful solution for people and nations around the Globe
He's a leftist socialist Communist with 42 years of ties with the CCP. You see they don't bring up that part for a reason 🤣
He is a dreamer. The reason why he can't predict events is people are not like him. Human beings are fundamentally genocidal monkies. Looks at Gaza, it's absolutely normal human behavior and absolutely predicable. That reality is too far from the world he lives in.
Great talk! I thoroughly enjoyed it. Thank you so much.
The belief of absolute domination against a rising power is a self-fulfilling process that runs the danger of devolving into confrontation.
What an illuminating speech by this great scholar !
I am very much in agreement with Jeffrey Sach. Notwithstaning conflict which arising mainly from the USA, I am still of the view that China would not resort to war to resolve bilateral problems unless initiated and started by the USA. China obviously would not allow itself to be a push over unlike Japan and some of the European countries. China seeks to rise peacefully. But the USA would not allow it to be so. John Meisheimer is still a zero sum gain advocate.
Prof. John Mearsheimer deals with the nature of the human race, while Prof. Sachs deals with the potential of what the human race can achieve...
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Truthful facts spoken by one of the smartest professionals on this planet.
I like the cover of this video, taking every opportunities to imply China is declining.
This mindset among the mainstreams is what we need and expect. Keep going.
The root of the problem lies in USA's monetary and economic system.
The USA is a deficit country. The size of the "real economy" is small, the GDP calcs grossly over estimate the economy by including financial services, law services etc which do not necessarily generate real economic value for the society.
For this system to work, the USD has to dominate, ie to be the main trade and reserve currency, allowing a deficit economy to be sustainable. This means USA has a major advantage in importing goods and services, acquire and own foreign assets, attract and funnel global talents to sustain their tech domination, despite "printing" massive amounts of USD. Other countries doing the same at this scale would have had unbearable inflation.
For the USD to dominate, the military has to dominate. The tech has to dominate.
For the military and tech to dominate, the media influence has to dominate: using their media influence to split societies elsewhere so they can divide and control politics and resources, and when that's not enough, they use the media influence to support their military involvements for the same objectives.
China despite not having the objective to dominate and replace USA, will eventually effectively do that, simply because of their sheer size.
Their political system gives them the ability to sustain the growth effectively despite being that massive, by
1. More effectively govern and implement policies and long term growth plans without being affected by short term benefits for winning election votes etc.
2. shielding themselves from foreign intervention / media influence which aims to divide and control them.
So from the perspective of morality, fairness, and legitimacy, the USA shouldn't be trying to suppress China.
But by the logic of how their current monetary and economic system has been designed to operate, the only way to sustain that is to continue the domination.
They have seen what happened to the Great Britain when the sun set on them. They don't want the same to happen to the USA.
Unfortunately, whilst they have the upper hand in monetary, military, tech, and media dominance, they do not have the upper hand in the political system. So time is not on their side.
It is either they adjust, cooperate, and eventually lose some (if you want to use the term lose), or they eventually lose in a massive massive way having made china an enemy on the way there.
Kudos to you for stating clearly the conflict of interests that has doomed this great power politics. The only point I think you miss is that even if China was willing to slow down her economy to follow US lead I don’t think her current model is sustainable for more than 1-2 decades longer because of the exponential growth in debt in US economy.
@@skydragon23101979 the USA debt is only a problem if they do not dominate in tech and military.
USA has the luxury of owing in USD. So strictly speaking, they are not debts as such.
In their desired world, they could print a trillion dollars to "repay a debt" just with a snap of fingers and have no consequences.
The debt problem only becomes a problem when they cannot single handedly dominate in tech, finance, and military, and media narratives.
If they could, then China and other developing countries would continue to produce only low to medium end goods and services, buy USA bonds, and import expensive services, technologies and machineries from the USA , helping to support the USD printing,
USA could continue to control or buy up assets and resources all around the world using their military and financial tools.
They could wreck havoc elsewhere and attract talents from all over the world.
In this scenario, all is well and everything would be tickadeeboo. The American dreams could live on.
Now the debts are slowly becoming real debts, ie debts that cannot be easily resolved by printing money and not have runaway inflation.
Why? Because the USA is slowly losing the dominance to China in those critical fields.
This my friend, trembles the core of the American interest.
And so, the American dreams are inching away by the day, slowly but surely becoming what the name itself suggests, that is, just dreams.
Excellent Talk.
clever, realistic and brave to say what he knows.............good on you, professor sachs
Never mind if President Biden refer President Xi Jing Ping as a dictator.
The West, too call our Singapore Mr Lee Kuan Yew a dictator, but, they cheekily put Infront of Dictator, a benevolent dictator.
Mr Rose, was it.
Thank you.❤❤❤😊😊😊
They also called Nelson Mandela a terrorist and Martin Luther King a communist.
So President Xi is in good company being vilified by the United States.
that is the genius of western propaganda, they can change and conjure stories, fear, any terms, any words to suit their neocon agendas.
Reality is, it doesn't matter what the words are, judge the actions.
The west claim to be all for HR, democracy, but it sees fit to force other nations to adopt their policies and way of life and anyone who don't share the same value is considered a commit threat. The west even today are still looting the oil (as Trump famously declared as well as openly assassinated Soleimani" claim this is all done under HR and democracy!??
That's like Esptein doing his deeds with underage girls as s** education? or that RC priests showing their love to altar boys in more "ways" than one an expression of god loves children?
The genius of western propaganda is that it can redefine any words and make it all seemed benevolent.
Now I remember, Prof Charlie Rose.
Am I right?
Anyone in the world deserves a better life and needs the ability to say no to villains.
very nice speech, thanks for telling the truth
Thank you Professor Sachs. TEAM CHINA ALL THE WAY!👍🙂
very sad for the American People - for not hiring Professor Jeffrey Sachs as their Financial Advisor
The voice of reason and humanity.
prof sachs is smart
Learned what I needed to about this tool. Peace
Good morning Mr Sachs ❤️🇺🇲🇨🇳🙏😇👋
This man is brilliant!
DR. SACHS, etc. all wish China going downhill, socially, economically, etc. In fact, China has been going down hill during past 5,000 years; but today, one still can buy "made in China" here in the U.S. So much for the downhill wishes.
Wow. A beautiful speech, I wish everyone could hear this
Basically, stopping others are not the way to make one stronger.
Workers MUST own and control the means of production.
A number of years ago, I think just before or after the Trump presidency began in 2017, I remember a Chinese official.pointing out that both the Chinese & US economies had grown significantly as a result of mutual.open trade, since China's WTO admission (supported by the US). This official said the Chinese economy had grown by USD13 Trillion & the US economy by USD11 Trillion. BUT, he added, China has had no control over how that additional US wealth was distributed within the US itself. In other words, China is not responsible for the grotesque & unsustainable (& growing) level of economic inequality within the US!
The ignorance of policymakers will speed up declining.
New to this excellent Channel. Just one comment about your video title: Mandarin Lunch 午间中文. Well, Mandarin ≠ 中文 but 国语.
On Wikipedia China has one official language 中文 Chinese, Taiwan however has two: official language Chinese; national language Mandarin. Understandably, in the US high school classes and scholastic tests are Mandarin but university classes are Chinese. However in the entirety of China including Hong Kong, Macau and overseas Chinese communities like Singapore, students are studying one Chinese language 中文. For convenience of distinction from dialects within China in schools and in media, spoken Chinese is referred to as普通话 Putonghua. That apart both written and spoken Chinese are called Chinese. Foreigners need not be confused with Putonghua or Mandarin, the Chinese language is Chinese.
Wrong 😂
Love and respect Professor Sacks.
I agree with viewing matters as a positive-sum rather then a zero-sum game. But are policy makers, captured as they are by special interests like arms manufacturers, capable of course correction?
Can you send professor Jerry Sachs to China immediately and indefinitely?
Thank you to those of you who have brought all this, greetings to you and to all friends, relatives and family, may God Almighty always give you health and happiness for all of us Amen, TH-cam friends send greetings to my beloved Nancy and to Nancy's family, I really love Nancy and her family, there is a little that I understand even though I can't English at least I have Tech on TH-cam there is an Indonesian translator, while what you told me about China I know that, I dare say 100% it is related with me and my country, what I know is not completely I tell you, I'm silent, it's not that I don't know, but I want to know how loyal my friends are in the country or Abroad, my illusion or hallucination I deliberately said was an example to see how honest the government is in developing the people's economy and are there any steps to help me🌏
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Excellent speech !!!I I sincerely appreciate the critics to the Mearsheimer theory which is based on a zero sum game and ignores completely Nash equilibrium which is also a realistic possibility and being proven realistic in economic matters , should therefore be pursued also in diplomatic issues in order to construct peace among big powers. Thank you!!!👏👏👏
Such a delight to hear such a gentle, honest and brilliant gentlemen.
The Europeans, and Anglo-Saxon in particular, are frightened by the rise of China. They think the Chinese will do what themselves did to others; enslaving and colonizing others. But Chinese are different, have different concept of people's relationship, e.g. admiral He sailed as far as the east coast of Africa, far before the european did, they interacted with africans, exchanged gifts and sailed back to China wiithput taking any slave. Did not go back either, unlke Europeans.
Very welcome rebuttal of Mearsheimer’s view of imminent and inevitable US-China confrontation. Is Sachs right or naïve?
I needed something to do while I was dying
❤
“Sustainability” rules everything even the “Democracy with American characteristics”.
Prof. Sachs. I watched TH-cam video of US congress approved to eliminate 20,000 Chinese IT patents right that also include Huawei 5G patent.
Prof. Sachs, please continue to tell the truth , as you’re doing daily, to the whole world in general and to the Americans in particular .
😂.
And you though that China would forget and forgive !
Fool's Day on your part 😂
✌✌✌
👏👏👏👏👍👍👍👍
National "dominance": the nation as narcissist.
There are no limits to political models that can exist . Even America democracy is not the same as UK democracy. So, it's meaningless to dictate what democracy is except when one is narrow minded.
China is a Democracy in the sense that a super majority of China population Strongly support their 1-party state and ACCEPT such a political model. Democracy is based on Majority DECISION. The majority in China Accept CCP strongly.
Why must democracy comprise the typical voting process? Democracy is about Majority Acceptance.
We can redefine democracy also. Language allows for ambiguity. I can also say China people Voted CCP with their hearts.
Prediction? Self-fulfilling prophecy? Mearsheimer was only describing the mindset of the US government. Search and destroy.
What did you expect?
China's one child policy of 40 years ago has led to the most spectacular decline in working population numbers, this means fewer consumers to push cash around the economy. A housing bubble that affects huge numbers of the population just burst, as did the stock market and foreign investment into China. Xi is not told the truth by fearful subordinates which clouds his decision making ability. China will undergo a complete political/social/economic overhaul before 2030. This will be inflationary for the whole world, and also lead to high growth for the USA as domestic producers pick up the shortfall in Chinese imports. The challenges of immigration will soar for the USA as no other country has a viable reserve currency other than the US dollar. Because of which, the Fed Bank can create much more money than any other country.
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To predict the future is an exercise in futility
Evrryone coped or mimicked , from steam enginees to aircrafts and so on.
China should its financial institutions n other related issues, so that abuses like Ever Grande can be avoided in future. It's obvious there were many abuses/offences committed by top Ever Grande management n other authorities like China Central Bank, its Securities commission as well as Hong
Kong Stock Exchange Security Commission
Of China
Well.actually really i tell to the China in many times that we will have a better chance but unfortunately it didn't take any tension olso idont know what they refuse in our trip because we gotten a many useful for me
The late social critic Ivan Illich based his critique of modernity largely on the fact that "homo economicus" is a modern invention. That is to say, man is not economic by nature.
Economics is a mode of perceiving the world, basically seeing the world in terms of doing more with less. Thinking economically carries certain assumptions such as "growth" and "development." Economics is a massive project of social engineering.
Globalization was an attempt to forge a global economic society. Needless to say, mankind is hopelessly divided into races, nations, families, cultures, sub-societies, etc. for such a messianic ambition to be realized, except for a vanguard elite. In the case of globalization, that vanguard was bankers who are truly a globally integrated society.
But growth and development are inherently limited by mankind's social fragmentation. One society's growth and development inevitably butts up against another society's growth and development, and one or the other has to be subordinated and integrated. That's what happened with Japan, which was the first Asian society to undertake the massive social project of homo economicus.
Japan lost to the United States and had to subordinate itself, but not in a zero-sum way. Japan became part of the capitalist condominium known as "the West" after 1945. And once Japan started to outgrow its subordination by the 1980s, suddenly it became a threat. The same has happened with China, but China is neither ready nor willing to subordinate itself to American growth and development.
China does not aspire to either globalization or global hegemony. It wants to manage a multipolar world where subordination is strictly regional. But the capitalist condominium of "the West" is still rooted in the imperial growth and development of classical homo economicus from the long nineteenth century. The West after 1945 (including Japan) transformed imperialism into globalism, and transformed "homo economicus" into the supranational "human rights" citizen who belongs to the Western/UN order, even if they don't know it yet. That's why the US goes around to world to Ukraine, Taiwan, etc., to defend homo economicus as an ideal identity that transcends politics. For the US, inside every person on the planet is an economic man, a homo economicus, waiting to come out.
That’s just another way of presenting Thucydides Trap or Tragedy of Great Power Politics based on false rhetorics to fool people that human nature is evil. Mearsheimer even go to the extent to admit the US is evil therefore China must be too. Well, China, Russia and much of the rest of the world don’t buy these ridiculous claims. They all believe man can be good and can live in peace. Proofs are everywhere. To name some: 151 countries have signed up for Belt and Road; 2023 BRI Summit in Beijing had 10,000 participants from 150 countries and 30 international organisations including the UN; Africa, Latin America, Central Asia, Middle East, Russia all join BRICS, Shanghai Cooperation and other associations to confront US hegemony. Multipolar world is the same as “We don’t want to be dominated, bullied and bombed.” The China International Import Exhibition last month had 3400+ exhibitors from 100+ countries with the biggest Pavilion being the US. At its peak before Covid the population of US expats and students in China were about 250,000. All TH-cam uploaders of foreign nationality in China praise China without exception. And China isn’t the country with shootings, racism, opioids, fentanyl, inflation, strikes, 1 trillion credit card loans, 2 trillion student loans, selling houses to pay for medical bills, living paycheck to check, evictions, homeless, hunger, armed robberies, falling bridges, broken railways, war and mentally ill veterans. The fact is we have some very bad guys on this planet and we need to cure this problem. At the minimum, the bad guys are in the way of the rest to try to save the planet from global warming.
You misunderstand China. China has the same essence just expressed differently. China is expressing it as one civilization and China has 5000 years of managing different ideas thoughts etc. That is through tighter and tighter cooperation and unity to resolve problems. That is why you have the belt and road to create closer and faster connections between the world making the world smaller and smaller through connections and communication.
@@skydragon23101979 I agree that China's ambition is not zero-sum. Just like the West with Japan, China wants to integrate rather than dominate. But integration also assumes subordination. This is even true domestically in China. The communist system in China is decentralized to a large extent, Beijing allows each region to figure out what works. But the regions (and the private sector) are still always subordinate to the CCP in Beijing. When the private sector (e.g. Jack Ma and the tech sector) started getting too independent, China cracked down.
@@jason8434Yup you are right, integration also assumes subordination. But for asian values unity and stability is more important than liberty and subordination also depends on subordination to what in China’s case it’s subordination to UN rules and her affiliated organizations.
Regarding private capitalists, in China the famous quote by spider-man is useful to remember with great power comes great responsibility if the capitalists is in pursuit of more and more wealth that is unsustainable to China’s economy you will be cracked down if your pursuit of more and more wealth brings with it a sustainable economy and benefits the majority of the citizens then yes you can continue on your path.
One direction. Down. Dont ask how fast.
China has the same view, so what is the difference? Do you want to live in Chinas domain or the US domain. Hegemony is Chinas political aspiration. US Hegemony is the US political aspiration. I choose US. It is a free country in the US . If you choose China then move there is my opinion. If you support and believed in Chinas way of life then move there and enjoy . If you enjoy the US way of life then move there . It will play out in the end. Right or wrong.
Watch part 2 here featuring a panel discussion with Yasheng Huang, Paul Sheard, and Tao Wang: th-cam.com/video/nC6sGtz1-Ok/w-d-xo.html&ab_channel=ChinaInstitute
It’s basically national security issue b/t two countries! You did not bring up the most important issue! That is Why business men can be a politicians. They only see $$$ not the country sovereignty and security!!!
peacemakers voices are few and too weak among the clamor and war time drumbeat
Very good. I'm no history scholar or qualified to know absolute but in my humble opinion, didn't John Locke debate Gottfried Leibniz and didn't "the pursuit of happiness" that won over Locke's life, liberty and "property"? I think Locke regarded slaves as property. Also, what about Hamilton? Didn't the US grow industrially because of national banking and only a handful of presidents have used it. (Thankfully, China has copied Hamiltonian style national and state banks). I hope you can expand on this in a future opportunity. Thank you so much.
He is quoting things from over two hundred years ago! Adam Smith. College prof.
Panda huggers
Xi ccp language：Win-win = Xi ccp wins twice & takes all…
👏👏🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️‼️👍👍
🎉❤😂
Why china bullying his neighbor in west Philippine sea
I respect this speech a lot as i am a Chinese man,i have a lot of perspective on this as i am thinking in another angle ,and i want to say that out:when talking about chinese economic ,that you can't ignore chinese has a problem of it's racial intelligent problem,that is not talked about today for the reason of America want to justify the deffeat of nazi for it's safety and hegemony,but that's truly a more than obvious problem for china,and that problem is mostly caused by the ccp's brain washing education and the racial culture,and if the ccp overthrowed by people and a democratic party dominate,the problem could be fixed,and that will be the threat to America,because the rise of china in that way will absorb the talent and the technology from all over the world and American world order will be intercepted and shortened by china ,so the us is nowdays using it's spy power and visible military power to control ccp and help it to become stabilized,so that china will never solve it's fundamental problem to become a super power
Plutocracy
Neo conservatism
National policies by political leadership influenced by defence industries.🤷🏻♂️
You are speaking the truth . The USA only knows the language of war even with its friends if they disagree with the USA . Resultant it came head to head with China where the language does not work more . To form a quad etc is just a waste of time & money . The other one India is preparing for world dominance . The US will not be able to stop it from rising . It is needed for the US to stop the war mongers exercise & invite its poor friends in Asia & Africa & establish them to have the capacity to purchase items from the US . Simply the sanctions are not the solution to the problems . To support one & annoyed ten is not the solution . Americans sitting on the chairs must take the right steps in the right direction .
the speaker is so wrong.
Jews are so like ccp just brilliant
spoken like a true american fascist.
Chinese pursuit of GDP is a political goal. Mr Sachs doesn't recognise the large imbalances in the Chinese economy. This isn't cyclic. Anything above 3% growth will be debt fueled even 3% could be to high.
China's pursuit is not of GDP, its main pursuit is to better its citizens lives...and it is succeeding - it lifted 800 million of its citizens from abject poverty. It's next pursuit is to tackle inequality of wealth. Increase of GDP is just a consequence of its goal.
And Xi is now literally king of CCP and no one should deny that this is dictatorship
What is really the CHINA BALLOON WAS? A CLIMATE BALLOON OR A MILITARY SPY BALLOON?
wondering the same
@@fan10001 The us government stopped talking about it coz it really is nothing. Its just the government way of perpetuating hate against China.
Hope this answers your question. Here's an extract from CBS news on 17 September 2023. Google and you will find it. It's a fact and not my fabrication:
"Now, seven months later, Gen. Mark Milley, chairman of the Joint Chiefs of Staff, tells "CBS News Sunday Morning" the balloon wasn't spying. "The intelligence community, their assessment - and it's a high-confidence assessment - [is] that there was no intelligence collection by that balloon," he said.
But the rest of the world of course wouldn't notice this clarification seven months later, when the idea of the "China Spy balloon" has already been deeply ingrained in the minds of the masses, courtesy of the mainstream Western media cranking up the headlines based on an allegation. So bravo, continual demonization of China has been accomplished. Meanwhile, Julian Assaange languishes in prison for his Wikileaks. I wonder if this is what Christianity calls morals and ethics and fairness,
Hope this answers your question. Here's an extract from CBS news on 17 September 2023. Google and you will find it. It's a fact and not my fabrication:
"Now, seven months later, Gen. Mark Milley, chairman of the Joint Chiefs of Staff, tells "CBS News Sunday Morning" the balloon wasn't spying. "The intelligence community, their assessment - and it's a high-confidence assessment - [is] that there was no intelligence collection by that balloon," he said.
But the rest of the world of course wouldn't notice this clarification seven months later, when the idea of the "China Spy balloon" has already been deeply ingrained in the minds of the masses, courtesy of the mainstream Western media cranking up the headlines based on an allegation. So bravo, continual demonization of China has been accomplished. Meanwhile, Julian Assaange languishes in prison for his Wikileaks. I wonder if this is what Christianity calls morals and ethics and fairness,
@@fan10001
The USA has already admitted the balloon was NOT spying on them. You haven't been keeping up with the news.
This guy is out of touch. I think there was a book about him, a few years back. Sachs is HISTORY.
You just don't like what he is saying as you were just exposed to one side of thinking that the MSM feeds you. Try to read other media than MSM and you'll be enlightened to a loooooot about things that the MSM doesn't tell you. Or...hide from you.
One sided and biased views..
Appears the comment section is either an audience that’s completely biased or bots.
只可惜洋人不都像他这么天真。
There is much to credit in what Sachs says, but in the end, he’s Incredibly naive and deluded because of his single-minded reliance on economics, and that, a somewhat narrow application of economics. I listened to him speak at USC, I believe in 1991, as he was in the initial stages of advising Russia on market development. How did that turn out? He is comparing apples to orangutans, comparing U.S.-Japan ECONOMIC competition in the 1980s, where Japan had and has a largely similar political-economic system to the United States, to U.S.-China SECURITY competition today where China operates as an authoritarian quasi national socialist state using slave labor that has amassed enormous capital to develop a premier military by being allowed to compete in international trade as though it’s a market economy. PRC is using this military to threaten its neighbors and attempt to dominate the West Pacific and Asia. It MAY be the case that we ought to learn to accept that and not fight it. We could save a lot of money, at least in the near term, but the cost-benefit analysis on that balance sheet is about a whole lot more than economics and trade, history, geopolitics, and a number of other disciplines need to be considered.
The talk didn't touch anything about China's future economy, all about his own delusion.
I suggest Dr. Jeffrey Sachs move to China and take Chinese nationality for 5 years. Then review all his options about China. His theory about China is very similar to Critical Race Theory(CRT).
He's a regular visitor there, it's you that needs to move to China or visit there so you will see the truth that the MSM hides from you. The MSM keeps on lying to you and yet you still continue to get your news from them, and you still accept it as truth...again.
promo sm 👇
The speaker knows nothing about China
Time God stand judge all the nation revelation 11,14 to 15 time end snake dragon evil mankind efesian 4,27 Philippines is the new Jerusalem new Israel and Bethlehem revelation 21, 1 to 5,27 enter the kingdom of God
Why is both the monolithic believers at each other throats all the time? Deliberately created by the same creator who is trying to amuse himself?
Dumping the old (un)Holy land for a "new" one, that's not even mentioned in the holy book you believe in?🤔
It's very clear that if Russia hadn't invaded Ukraine, and China hadn't expressed express desire to "unify" with Taiwan, there wouldn't be a 2nd cold war between two poles. Protective industrial policy is great. Hot war and cold war are damaging. For that to stop, Russia has to leave Ukraine alone. China has to guarantee a peaceful (unoccupied) Taiwan. Until these guarantees are made, we'll have the 2nd cold war. Jeffrey Sachs is well spoken. But he's extremely wrong.
hail to the man who makes his living out of talking to the simple people by tryin to convince them that America is bad and that Putin and Chi are good,,,,,At school I learnt neve turn your cheek to a bully,,,we did in Europe and America had to come and rescue us ,Thankyou America with all my heart
And the current greatest bully is?.……
man, you are making yourself brainwashed by the MSM - you are repeating verbatim their lies, read other media. you don't even know the history and series of events that brought about the Ukraine-Russia war. Clue for you - it didn't start in Feb. 2022.
@@munguci12 Putin. Then Xi for SCS actions
@@Andy-P Enjoy your inflation and purchasing power then. Oh congratulations on your universal health care, NOT.
What he said is the only one side of the whole story. The other side of the story would totally be against his points.
What is the other side of the story then......
Balderdash as usual!!!
You are wrong. You do not know CCP, so you are naive.
Even after CCP destroyed Hong Kong. Just pathetic
Jeffery has been ignored by the US administration since the late 90’s. He used to be an economics advisor for the US government but his problem is that he is someone who can be easily influenced.
the guy is a joke
He knows nothing about how evil CCP is