ECONOMIST DAMBISA MOYO: THE EDGE OF CHAOS

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Commonwealth Club World Affairs of California

Күн бұрын

The widening gap between the rich and the poor is one of the most important issues facing societies worldwide. Income inequality has increased drastically over the past four decades, and the debate on how to address this problem has never been more important. Dambisa Moyo, global economist and author of the new book, Edge of Chaos, analyzes how liberal democracies are failing their own citizens. She emphasizes the importance of economic growth in creating global stability, and presents us with a radical roadmap to reform our democracies to meet the needs of the people.
Moyo presents the economic struggles that are weakening our democracies and how we can overcome them without abandoning democracy itself.

Пікірлер: 28

@uniskhan7942 3 жыл бұрын

The most enlightening sister on the African continent love sister Dambisa

@ntullymwakiluma8461 3 жыл бұрын

Your one of billions of us in Africa thank you

@neweraboss5728 5 жыл бұрын

i like how she mentioned Maslow's Heirarchy of Needs as a basis for how we can increase economic growth. When there's no wealth, you are more focused on surviving as opposed to fighting for freedom and democracy. Economic Wealth truly is the prereq for Democracy.

@vchervil 6 жыл бұрын

Love her

@Time4Peace 3 жыл бұрын

It's a pity that views of her talk are low. The West aren't really interested in listening to any African economist, although much of what she said in the past 10 years in her talks have come to pass. She is knowledgeable about American political and economic situations but really there are already more than enough economists in US. She should spend more time on African nations as they are rising very fast but still with much challenges ahead not least of which is global warming.

@Rachidasister 3 жыл бұрын

I agree 100%. It is time for her to spend more time on Africa but as she says, Africa is linked to the West so I think she is taking a long road to come to Africa. You know how Westerners (elites) are full of themselves so most will not accept that they are smothering Africa through trade. Anyway, maybe because she also sits on all these corporations boards, she is not ready to address the issue of corporations stealing Africa?

@robbycan 6 жыл бұрын

The ideal of democracy is that every person's happiness should count equally, and it uses a shortcut to this by letting every person have a say in how that is obtained. It assumes that people looking out for themselves will maximize their well-being. This assumption is a fallacy however because even rational actors will have varying decision making skill (sometimes poor) and incomplete knowledge. Up until now, democracy's still been so much better than anything else that it has outperformed other alternatives in spite of this shortcoming. But now it's coming face to face with a system in China that through autocratic methods is making the decisions for its subjects possibly better than they could make for themselves. If so, then there's the formal possibility that more of the people on average could be happier than under a democracy making those decisions individually by themselves. It's hard to find a suitable metric for happiness for areas other than economics... for example human rights, and protecting rights of an individual over the benefit of the majority. Money buys a lot of happiness, but there are limits perhaps even different cross-culturally. This push-pull is an interesting battleground going forward and she may have hit on the head that this could be the central ideological conflict of this century.

@Time4Peace 3 жыл бұрын

Both types of systems, whether autocratic or democratic, or combination, can succeed as well and you can find examples among nations. The critical factor must be you need a collection of good people who genuinely want to build up the nation. Without such people, no system will work. Once you have a good group of people, the next factor is stability. At this stage of political development, a successful government will need to be autocratic, in the absence of robust institutions. Democracy cannot operate without strong institutions. The recent events in USA involving Trump administration testify to that.