i love talks like these. just found out about her today. a breath of fresh air coming out of Africa.will buy the book probably sometime soon.

Very interesting. Incredibely intelligent woman.

I couldn't believe this was presented 9 years ago! A lot of what she said has come to pass. She is an awesome economist, whose consultation with African countries would be invaluable.

She is an articulate speaker who peppered her speech with a lot of factoids. Her recommendations are really quite obvious as she said so herself. Invest in education. Election based democracy has a myopic time horizon / short-termism and can't plan long term for structural problems. And protectionism as a weapon against the looming threat from the Orient. Who could argue against education? But the problem with the educational system in the United States and I would venture to say in .....

I was impressive by listening to this incredible brilliant well educated woman.

Excellent job.

Good point.

This is how an educated human being looks like. Great job!

One big flaw in her suggestion that it might be good for USA (one of the western country) to become protectionist, is that if they ever do that, the US dollar will immediately be dropped as the global trading currency. And then all the debt they have accumulated over the decades will come back to haunt them to the point where they will not be able to trade with other countries without going into hyper-inflation.

Interesting talk. I think there is more insight with a deeper consideration capital, and a more nuanced understanding of what capital actually is - both from the side of the west and the emerging economies.

@sok8888 well, you got it right on the button! But my question is, what do we do now?

I always look to SA for direction in World economic affairs.

I never saw a gorgeous women be interested by reality, and facing problems directly. I'm am very positively surprised and happy that it exist :) Maybe there is still hope.

@cyphi1 I think it's a lot more complex than saying the 3rd world doing things at a cheaper price, is counter productive to our economy. What should be looked into is the corruption and revolving doors of Congress that allows monopolies in certain industries than allowing those companies to compete. (American car industry, railroad industry, copyright industry...) Huge lobbying efforts go into those monopolies, making us worse off for the benefits of that cheaper labor.

The same democratic principle that led to the good old days America - now its bad to get things done. This lady seem to represent both side of the argument. She puts forward a thesis of protectionism, debt default and what have you. She is no libertarian. I cannot place her - but she is indeed intelligent. I think she is a mouth piece for western conservatives/traditionalist.

Was this interviewer listening to what this woman is saying? Was he on mars when she was speaking? She makes a case for becoming more protective to maintain a stronger economy, educate our population, and many other ideas. He comes back with a statement like "those in the west aren't necessarily smarter" and other what I deem, non-sequitors. I didn't read the book and only heard her speech, so perhaps ideas in the book are something he's addressing.

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Just stating facts never mentioned my preference in labor model.

Europe as well, is that by and large quality education is reserved fo the rich. Geniuses from poverty stricken ghettos with full scholarships to Harvard are exceptions that make the rule. The real question is how can we democratize quality education and reduce the ever increasing university tuitions? Democracy creates short termism but the constant corrections reduces the likelihood of colossal mistakes. Centralized authority can mobilize quickly and effectively but if the decider at...

She makes some very important points but apparently they were lost on the host who makes an error in his very first question regarding the increased debt levels of labor in the West. He asks her to take it from the perspective of a "man from Mars" or "global citizen". Well, she IS a global citizen; she's NOT from the West and thus provides a valuable critique of the West vis-a-vis the East (China/India).

Not following the Arab's policy of slave castration was one failure. Another was accepting multiculturalism. Involving it's self in dumb wars. Helping support the radicalisation of Islam. Not spreading Liberty and freedom ideals enough. Caring about oil to much. Investing into the surveillance and slowly turning countries into police states. Buying into mass immigration. Letting the government get to big and thinking that making it bigger (raising tax's) will help.

The speaker makes some good points about the time cycle of US elections. The moderator, however, speaks from the point of view that Western governments owe political allegiance to the betterment of all mankind at whatever cost to their own citizens even though their political viability arises from the service and commitment if those citizens. That notion is patently inconsistent with the premise of sovereign governments existing for the benefit of their own people.

Money is not the most efficient way to increase production and welfare. Instead people who are willing to contribute to society should be given real resources (food, homes, healthcare, education). Those who refuse to contribute are on their own. We will lose this game if we continue to play it this way. The numbers are against us. When the majority sink below poverty lines they will realize that working together is the only option. It's not a lack of resource it's a lack of willingness.

@xRA1D32x "You can't go a goddamn place in this world without someone trying to sell you a product." It doesn't affect my buying habits in the least. I purchase the cheapest light bulbs, I buy groceries from an Indian grocery store because they are the cheapest, I try spices randomly. I don't think I've ever bought anything because of an advertisement, and I don't think I ever will. People are generally stupid and it's their fault they are so fucking stupid. Don't blame corporations.

@rbl777 There's no doubt that the west as a whole has prospered. Many times we prospered at the expense of others. However to assume that everyone in the west is living a life of luxury is to watch too much television. Many, including members of my family, are really struggling. I live Argentina and many here, not just the rich, live better than people I know in the US. To lump everyone in the US or the west together and judge them according to stereotypes is the standard from of prejudice.

repeat?

@fuzzywzhe my good friend you are operating under a very large misconception that I am speaking about myself when talking about these problems. I can't bring myself to watch television anymore because of this, and i don't read a damned thing without questioning some sort of corporate sponsorship. But you think it merely exists within television and newspapers? You can't go a goddamn place in this world without someone trying to sell you a product.

ask about me 1978........

Moyo shona girl

"Money/market" is ROOT of problems, how do we: 1. stop corruption caused by profit motive? 2. ensure everyone has minimum necessities? ANSWER 1. FREELY Share ALL resources & knowledge worldwide, NO more money/property 2. Use LATEST technology to create an ABUNDANCE of all our needs, NO more waste/theft 3. Automate/localize ALL production and distribution, NO more central control/wage slavery v=4Z9WVZddH9w

I propose The Venus Project.

This was a great talk, but I found it quite unfortunate the degree to which she (and the rest of economics) is still immersed both in the paradigm of growth and the paradigm of economics - that which thinks economics measures everything that is important to an economy.

Where is her speech does she say " the west aging population deserves to live in luxury and not the rest of "projected 9 billion"? Where? People hear what they want, or are preconditioned, to hear. For me there is no doubt that people everywhere, west, east, or in between, need to live more simply and use fewer resources. There are gluttons everywhere. It's just that the U.S. has over the last 50 years made consumption an institution. Economic equilibration is inevitable.

You can't put the blame of overconsumption on the people of the west. People in western societies, especially in the United States, have been conditioned to consume. Corporations have their hands in nearly every aspect of life from the media to politics. We can't escape advertising and all of their advertising is telling us to do is to buy their product. We should be figuring out how to develop a system that allows us to live sustainably.

Chile and Singapore are both democracies

@stonereflex "and are you saying that you would blindfoldedly pick a bottle from from the spice isle? lol i think you'd be surprised how much we are ALL influenced by marketing" When's the last time you saw an advertisement for Cardamom? How about cloves? Black salt? Kohinoor Rice? I am not influenced by advertising, because I take great pains not to see any of it. "if you watch TV" I do not watch TV. I consider it a complete waste of time and waste of your life to watch television.

@dintblocmedk We should talk, by the sound of it

Never seen an interviewer ramble this long.

@stonereflex Look, I'm tired of talking about this, and trying to convince you for anything - after all success in this doesn't advantage me in any way. So you can believe what you like, think I'm just as duped as everybody else is. Whatever. I can tell you this, gold and silver are CURRENTLY at fair market value about, however, they are going to go way beyond that. Silver will hit $70 an ounce easy, and gold $3,000 EASY and perhaps more in 7 years. Just remember that prediction.

The high wages in the West are unsustainable and the prices of things are exaggeratedly high. We don't have to resort to sweatshop model - just get off this debt culture and sell things at their real cost

@keipher42 the people of the west didnt gain much from globalization, the rich in the west have gained a lot and have done a lot of "good" such as outsourcing. i really dont get what is she proposing, wat is exactly being more "protective"? only crying how the west aging population deserves to live in luxury and not the rest of "projected 9 billion" and the guys from Mars argues that people in china actually get higher quality of life, while the west is losing it. so wats so bad ?

so you prefer the sweatshop model? I believe in commensurate pay and benefits. If you want to eat you preform..

She calls her self wester but she was born in Zambia. ..I can tell you she can be used to rob Zambia resources by western. ..that is my perspective on african educated.

You are racist and ignorant. Democracy is a stable government. Dictatorships throughout history have failed look at HItler, Mussolini, Mugabe ad Kim Jong Un. The vast majority of democracies are not run by JEws. Singapore is a multiracial nation with CHinese, Tamils, Malays living together in peace and harmony and there are members of all groups in that country's Parliament. Singapore is not a democracy true.

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