Economics, Democracy, & The New World Order | Danny Quah | TEDxKL
Economy | Information | History | Online | Facts | World | Global | Money
The west historically have been dominating the global economy. With the rise of China and Asia, how would the world change with the new center of economy being a non Western and European focus. Danny Quah is Professor of Economics and International Development at the London School of Economics and Political Science, and Director of the Southeast Asia Centre at LSE’s new Institute of Global Affairs. He had previously served as LSE’s Head of Department for Economics and Council Member on Malaysia’s National Economic Advisory Council. Quah is Tan Chin Tuan Visiting Professor at the National University of Singapore, and lectures regularly at Peking University. He studied at Princeton, Minnesota, and Harvard, and was Assistant Professor in the Economics Department at MIT before joining LSE. Quah gave the third LSE-NUS lecture in 2013, a TEDxLSE lecture in 2012, and the Inaugural LSE Big Questions Lecture in 2011. His current research focuses on the shifting global economy and the rise of the east. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Comments
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I love how free market capitalism means the government subsidizing the mortgage market. Free markets were first blamed for discriminating against low income borrowers so the government subsidized the sub prime market only to watch it collapse. Then they blame banks for preying on the people the banks were previously accused of discriminating against. The government, not the free market, failed.
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Whats bad is when world leaders talk about Globalization and Economics as if they have insight, The speak as if the wealth disparity is causing a disconnect between governments, nationality, and foreign powers, The say commoners want equal distribution of wealth, That is false, Common people want fair, set and guaranteed wages to allow them to make a decent living and educate their children properly, They want free and open markets without those who advantaged using their leveraged positions to game the working world unfairly, The real problem is that the so called elites are seemingly under regulated, and unrealistically scutinized or properly audited by their governments, The majority do not want social systems that increasly leverage them into slavery. No nationalized banks, No state controlled media or socialized education systems, We simply want our tax debts reduced through proper taxes laws, proper wage controls, just and considerate oversight and equality. Intelligent national wealth investment and real efforts to broaden opportunities for prosperity to as many as possible. I bet you could make an algorith and plug in all the numbers, resource and production, development lvls, pops and current wealth distribution, work types and regional inflation average and such and it could spit out several hundred soultions to solve it. Yes, its that off. Still looks like cave men to me.
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Direct democracy would be much better than chinese communism or what he refers to here as liberal democracy. Collectivism is good to a point, but people need to have real freedom and real choice to live happy fulfilling lives. Western nations are unlikely to happily accept such a system of government.
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This talk is full of many "inconvenient truths" for us "Westerners" yet at the same time a remarkably transparent reading on the ambitions of the Chinese Communist Party. What is so frightening is how thoroughly convinced the professor is of his convictions that democracy is a sham. And to those who have an appreciation for the ironies of history, how closely this agenda echoes that of Japanese imperialist theory of the 1920's and 30's. And of course delivered in Kuala Lumpur. How did that work out for you in the 1940's professor? Too bad you can't ask your great grandfather because he'd set you straight.
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What the fuck?? This is such an old and shitty argument . Having the right to vote for any representative and really any law is what a liberal democracy is, not authoritarians and tyrants that have to keep their people happy or else they'll revolt and replace such a bad system with a republic or representative democracy.This is Chinese propaganda. Thank you Ted Talks for helping to spread such bullshit.
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What a waste of time!!
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Shouldn't we decide the way the world ought to be run together? I understand the point he is making and I think this goes very deep into the Asian vales debate. But I don't think a liberal democratic economic order is a terrible thing. It's just needs to be balanced.
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I just love the last part where he said that ASEAN+China+Japan are the majority of the world and any significant decision must be made by us.
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I want a copy of his map, "THE WORLD ACCORDING TO AMERICANS". Seriously....anyone know how to get one? Sometimes only humor will educate.
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I define economics as O.E.C3.D3. (Organization for Economic Crises, Chaoses, Catastrophies Disasters, Dichotamy and Delusion as history has proved in the 1930s, 1990s and 2008 and forseen to repeat with cosmic rhythm in the years to come.
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wouuuuuu its awesome dude
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