3.19 & 20 – The Global Divide 1 (Commanding Heights Sample)
Commanding Heights: The Battle for the World Economy
NARRATOR: Globalization did not cause global poverty, but it did make us more aware of it. And by creating a single global market, it raised the question of how that market benefits the world’s poorest nations.
DANIEL YERGIN: We are seeing around the world a movement towards greater reliance on markets, greater confidence in markets. But for that confidence to last it has to be seen that these markets are fair, that they are delivering the benefits widely, that people are benefiting from them. And if they don’t have that kind of legitimacy, then the confidence is not going to remain, and the markets will be vulnerable to disruption and be replaced by other kinds of controls. So every day the market has to earn and prove its legitimacy, and that’s a big test, particularly in the developing world, where the number-one issue, the central preoccupational concern, is the issue of poverty, and delivering the goods means lifting people out of poverty. And that more than anything else is what these markets would be judged by.
JEFFREY SACHS: Professor of Economics, Harvard University: The world is more unequal than at any time in world history. There’s a basic reason for that, which is that 200 years ago everybody was poor. A relatively small part of the world achieved what the economists call a modern economic growth. Those countries represent only about one-sixth of humanity, and five-sixths of humanity is what we call the developing world. It’s the vast majority of the world. The gap can be 100-1, maybe a gap of $30,000 per person and $300 per person. And that’s absolutely astounding to be on the same planet and to have that extreme variation in material well being.
Watch all of Commanding Heights at PBS.org
http://www.pbs.org/wgbh/commandingheights/hi/story/index.html
Duration : 0:7:28
[youtube JWakV0L8XWI]
Tags: Bill, capitalism, Clinton, Commanding, De, economics, Heights, Hernando, Jeffery, Money, Poverty, Sachs, Soto, Wealth
November 1st, 2009 at 8:10 pm
having a fraudulent …
having a fraudulent money system is undermining global capitalism. i think we need a totaly open money system, no more Feds. no more money based on nothing.
November 1st, 2009 at 8:10 pm
“You step on …
“You step on somebody’s territory and somebody comes up and says ‘get off my territory’ whether there’s a law or no law.”
That is so true.
November 1st, 2009 at 8:10 pm
Yes but Austrians …
Yes but Austrians actually believe what they preach.
November 1st, 2009 at 8:10 pm
There is massive …
There is massive empirical evidence proving that privatization increased GDP growth and that privatized industries serve the economy better than nationalized ones.
November 1st, 2009 at 8:10 pm
income disparity …
income disparity relative deprivation it has to be dealt with..and what about venezuala and it socialist oil economy?
November 1st, 2009 at 8:10 pm
go to the pbs …
go to the pbs website its above
November 1st, 2009 at 8:10 pm
pardon, where can i …
pardon, where can i find the “commending hights” episode 3 and 6? besides, i got one question: after 90th, the globalization is strengthened, what problems have caused between money and products?
November 1st, 2009 at 8:10 pm
They all preach …
They all preach minimal government……
November 1st, 2009 at 8:10 pm
Mises once said to …
Mises once said to Milton Friedman and others at the Mt Pelegrin conference “you all are a bunch of socialists…” and walked out of the room. Jackson32 like mises is the same way…
November 1st, 2009 at 8:10 pm
The first part of …
The first part of the series talks about Ludwig Von Mises.
November 1st, 2009 at 8:10 pm
How was Latin …
How was Latin America’s privatization implemented? That’s where their problems lie. Business privatization needs to be done through over-sightes like it was done in Estonia.
November 1st, 2009 at 8:10 pm
This series …
This series pretends to be pro capitalism and pro free-market but it is nothing of the kind. If you want to really understand these issues go to mises. org and lewrockwell. com
November 1st, 2009 at 8:10 pm
Thanks for …
Thanks for uploading this video.
November 1st, 2009 at 8:10 pm
The belief that the …
The belief that the “free” market itself would solve all the problems by being free of any intervention is Absurd, is almost like a Dogma, any other options are wrong. Neoliberalism, destroyed Latin America and sucked them dry by privatising essential sectors of the economies,giving them almost for free to riche countries, ,free trade for the poors and protectionism for the riches, and those guys are saying that neoliberalism is great!!
November 1st, 2009 at 8:10 pm
I wanted to upload …
I wanted to upload the same track of the PBS documentary, I think it is very self-explanatory
November 1st, 2009 at 8:10 pm
Free markets own.
Free markets own.
November 1st, 2009 at 8:10 pm
it must happen at …
it must happen at the grassroots…you can’t “bring” it to anyone, but you can encourage it
November 1st, 2009 at 8:10 pm
Bring to the third …
Bring to the third world law for everyone and you will bring forth wealth never before seen.