Economics, Democracy, & The New World Order | Danny Quah | TEDxKL

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 ted.com/tedx

[@michaeljohnson1117]

Funny how forcing rural people to denounce their ancestral belief and stop living off the land and start working in factory's is considered "bringing them out of poverty".

[@sirloksley7772]

They make more dollars.

[@denasedaghat1122]

Exactly

[@simonkaung3382]

I sincerely urge you to visit China and see for yourself and perhaps interview the people there before coming to a conclusion.

[@cinnamongirl5410]

@@simonkaung3382 how many days a month are the workers allowed to leave the facility and visit their family

[@misskathy4931]

@@cinnamongirl5410 they are slaves...no freedom

[@michaeljohnson1117]

The whole problem is that any group thinks it is the one who should "run the world". No matter how many are in a group, you only get to " run" yourselves. No matter what part of the world you are in, the people who live there should run that part of the world and only that part, it is no one groups job to decide how the rest of the world should be.

[@Nativegirl1985]

I DO NOT WANT A SYSTEM!! I WANT TO REFORM SOCIETY TO LOVE ONE ANOTHER AND TREAT OTHERS AS THEY WANT TO BE TREATED! WHO'S WITH ME? 💪🏽💪🏼💪🏿🔥♥️

[@Nativegirl1985]

@Jude Richards 👏😂 nice

[@jawz2005]

@@Nativegirl1985 unfortunately we are ruled by elites who want nothing to do with equality

[@Nativegirl1985]

@@jawz2005 unless we all just stop working, reject the system of money, and grow our own food. So far, I'm halfway there 😜 a better world is possible, if you're brave enough.

[@denasedaghat1122]

Unfortunately there's not up to us to decide.

[@Nativegirl1985]

@@denasedaghat1122 if we COLLECTIVELY refuse this system, we can create a better one.

[@tot3mpted]

everything he says is coming into fruition

[@ssallyj]

Bet at the time and possibly even now would have been ridiculed. So many people are brainwashed and so readily buy the 'sugar coated Sales Pitch'. Wake up people. We are all dangerously close to enslavement and poverty.

[@misskathy4931]

New world order is not the answer to happiness. It's slavery. It's been tried several xs in ancient history that ended in destruction and death. Why? Because man gets corrupted with power over others. We knew man would try this one last time. 1/3 will die according to ancients. We just don't learn. Nothing new under the sun

[@ChillCat665]

China won't overtake America if Trump or Vivek or both are elected. The new world order is supposed to be a conspiracy theory but now we are seeing it unfold as CONSPIRACY FACT. The new world order wants you to own NOTHING AND EAT CRICKETS and one of the leaders is clause schwab but that is just who we have identified

[@ChillCat665]

This guy tries to say china is a liberal Democracy but the sad fact is real liberal Democracy is pushing for world totalitarian government

[@douglaspalenschat7451]

“Let me tell you how to think.” He lost me right there. 🤓

[@EchadLevShtim]

Oh, we can't have smart getting in the way of the NWO plan. Tisk Tisk

[@misskathy4931]

Group think. "Just be nice little slaves...and give us your children"

[@KampGallery]

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.

[@greatidea7808]

After about 2 minutes in, I knew where this was going.

[@gillwil]

I got as far as 2:33 marker..lol

[@rgaleny]

what culture should we make? will everyone aspire to be a consumer.? how should we live? what are our economic ends in social utility?

[@md.jahangiralam1509]

I am really grateful to be a fair listener........

[@mikecarbajal9699]

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.

[@disgny]

Mike; Since those with the Money control the "Governments", their Non-Free "Market" is not going to help most people much at all. The System works like Evolution in Reverse : it rewards thieves and swindlers, whether in government OR "Business".

[@joshuajames2425]

The US has nothing even close to resembling a free market, when we did tho we the most prosperous country the world has and had ever seen

[@donfox1036]

Clearly democracy is not the only way. It is just the way most people want. But establishing a working democracy and maintaining it is a complicated business. It tends to look a lot like herding cats. This is because each of us thinks we know more than the next person how to proceed. We must all learn what Oliver Cromwell saw, when he said, “ In the bowels of Christ, think ye not that ye could be wrong?” Disregarding the Christian terminology, we must learn how to protect and help the poor and weak to be respected as human beings. In other words, focus on kindness, not on ego.

[@meredithbrown4213]

Thank you. You seem to be one of the only humans left who are able to see both sides of the argument. This is a key reason why democracies are so tricky...most people cannot compromise, their egos overshadow movement toward a greater good.

[@agitacademy]

That is why President Donald Trump is the best of both worlds.. Cos, in nutshell , it's all about a better life for the majority

[@ramyth1946]

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.

[@bradmitchell1835]

But those are not the only options. What the world needs now is not liberal democracy but social democracy, a system which is built upon the building of strong local communities of people who create the liberating structures. No top-down strategy is this ,but a bottom-up strategy that brings peoples' needs into the same sphere as their abilities and finds solutions for the differences.

[@williamgerdtz6798]

Agree Brad, something that serves the people better.

[@mantonio121773]

11:50 most important part.

[@aguuaaa]

yeah, thats the part where he implies that it doesn't matter if a goverment massacre their ppl in an everlasting dictatorship as long as your country its growing 10%+ can't believe TED invited this kind of facists

[@jf7333]

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.

[@Nempty94]

+jf7333 global first past the post imminent

[@lordmike9384]

If the world ever agrees to global elections of any kind an electoral college will even the global ballot box.

[@ssellesvalls]

Propaganda

[@waqasaps]

The proposal in the end was a mind opener. Great speech ! Loved it

[@mohithardikar5575]

I partly agree with him. I come from India , the worlds largest democracy and a nation where ' liberalism ' is exercised quite heavily and I personally believe that actually hinders our economy . The issue is that the majority of people are illiterate and so the lack of a central authoritarian structure results is massive instability in a variety of socio-economic issues. For example , say the government wants to build a dam which will displace a community of 50 people . The media will rush to them , bring them in the spotlight and thanks to the public pressure , the project is canned. Now , answering the needs of 50 people resulted in the loss of billions . And that is the curse of a liberal democracy. And so , I believe that developing nations need to be a bit more centralised and authoritarian while growing ( And foreign investors will love that too , won't they )

[@mroanderson8971]

This is something I can agree with however I think the issue lies not with the form of government but the media. Referring to your example of a socio-ecenomic issue where 50 people are to be removed from a village and the project is stopped due to social pressure therefore causing a lot more people to die as a result. The main question is where does this pressure come from? Well it comes from the media (doesn't matter the form of government the media is always more powerful). My point being that in a democracy the side the media want to win will always win, just as in dictatorship if the media are to gain from the dictators rule then that dictator will stay in power because of media support. The media own the governments because they control the people. So no matter the form of government the changes that need to be made in order for any economy to experience its full potential cant be made unless the media want those changes to be made which they don't because they don't want anyone else to get wealthier as the more wealthy people there are in the world the less wealthy they become themselves. So because a lot of people are minimally educated they will believe what the media are telling them and hence the cycle continues. Until the problem of the global media corruption is resolved the worlds nations will never know their full potential economically. I also believe the media are the reason we will never achieve world peace but that's another matter.

[@wardrone8]

SOLUTION: No confidence vote should be constitutional against all laws and elected/appointed members able to be activated by any citizen or party members

[@kanikahasija3537]

In global economy people now are understanding the back logs. By giving work to much skilled foreign labor what will happen to native ones? Unemployment. Over population and lots of other issues are major concerns too and now covid-19. Globalization is not bad per se. If globalization is limited till exchange of technology and investments rather than labor.

[@CarlosHernandezIsava]

shameless State propaganda.

[@sophiaalexander5503]

True

[@cayetanosoler3432]

Half of the worlds wealth off of labour didnt disappear .Working and middle class money transferred into the top 1 % .....just look a the wealth figures .

[@noeu8414]

Deception sugar coated

[@michiganbogie]

I want a copy of his map, "THE WORLD ACCORDING TO AMERICANS". Seriously....anyone know how to get one? Sometimes only humor will educate.

[@VijayKumarglobalist]

Take a screen shot and crop it.

[@michiganbogie]

He sent me the map.

[@learn_techie]

where i can find his lectures ??

[@truezyf]

great speech. "we (gov) can't serve u well, our GDP growth this year may be.......1% perhaps? but don't worry, u get the vote!"

[@EchadLevShtim]

Voting is FAKE

[@armandos.rodriguez6608]

I keep updating,my info file,very interesting.

[@nikolasb6929]

How much do you guys think China paid him? I will acknowledge that the US and much of the West have a lot of issues and that the current neoliberal system is pretty bad but that doesn’t mean a one party state with limited freedoms is somehow the best way to go. Also, the economic growth of China is less due to some magical economic system and more due to the opening up of trade. I assure you once China becomes rich enough and stops growing very fast, the cracks in the system will start to show and it will be like the west is today.

[@jameskelly6479]

This Pied Piper plays with forked tongue.

[@user-vx9wk5fd4h]

Lee Kuan Yew said democracy is a tool for destroying economic development, what is your comments？

[@nicomartinez6589]

Economic development is not exclusive to a singular political ideology. Singapore and China have impressive growth, but Danny Quah forgets that East Asia is more than China; democratic societies such as India and S. Korea have also shown significant economic growth. So I would not attribute economic success in Singapore and China to the structure of their respective governments, instead, economic growth there is resulting from the policies of their governments, which can be replicated regardless of structure.

[@yub2.045]

Looking at what they did to the Middle East of spreading democracy, YES, absolutely It only made us here develop slower, people don't know what they're doing, and generally the countries which were forced to be democratic became ruined

[@Louis13XIII]

Lee Kuan Yew suffered of terrible illnesses for years before tragically dying.

[@kenmetcalfe4513]

This is a joke of a ted talk

[@rkara2]

Sociopolitical or economic responses are tribal responses or the feeling of separation, otherness or relatedness. In reality there is only one response or one event, culture or the Heart. In science it's called zero-point energy, spiritually it's called God. We as humankind (humans and non-humans) have to surrender ourselves to culture or God in order to 'serve' one another or these apparent tribal agreements or responses that are arising before us. So rather than sitting there feeling as if you have to sort the situation out sociopolitically or economically. You can in that moment "turn" the four faculties or surrender them to culture or God himself. And allow him to sort it out. !DA

[@SafetyMentalst]

Quantum computing for our nation All along with artificial intelligence Will it be way to much information A new world order to be of relevance Good or bad is to be its application

[@chickensoup9869]

It is not a prediction. It is a well laid out plan.

[@bluesquare23]

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.

[@ldf4064]

How about we decide about our own lives. Liberal Democracy and Centralized Decision-making are opposites, so to suggest some grouping of people on the other side of the world must decide for Africa is just another form of Colonialism. Been there, done that.

[@jasontrofern4018]

This guy does not know that China is a Communist dictatorship in its government, but has allowed a lot of Capitalism in its economy. Just because there is a form of Capitalism there does not make China a liberal democracy. Nonsense.

[@mementocatharsis9372]

Until you've been shown the fallacies of your culture, well, I don't have time for you. This guy is smart but if you read the comments you will find many cultural fallacies that he is not aware of speaking himself.

[@chrise8442]

Global open boarders but a global economy based on a gold silver standard.

[@bertbert1162]

Chris E it’s going to be backed by a new stable coin, check out the XRPL ledger or the company Ripple I yoinks this will be happening soon.

[@george6696]

Let the Asian countries decide how they want the country, not the American and their western alliance,

[@barbarahren5208]

Why everyone wants to sell us idea, that economic system can not be seperaret by political system?

[@tingless]

He should join as one of the delegates for ASEAN like omg.

[@MrHarveyrex23]

Produce, consume, and waste. Too many landfills of wasted old obsolete consumer goods and products. Let alone all the wasted disposed unsold foods in grocery stores. Corporate planned and intrinsic obsolescence, market inefficiency, and artificial corporate controlled scarcity.

[@nicolasjacobs176]

Name one system that practices meritocracy

[@itsallsausagetome4059]

right now the Chinese officials are clearly chosen based on merits.

[@wasiullahahmed977]

Islamism always practice meritocracy

[@misskathy4931]

Trump wanted that for USA, but globalist want power and enslavement, redistribution of wealth, where no one owns anything...just be good little slaves and be quiet

[@arrow1042]

I don't understand the sense of any of this. Sorry i might be so naive...but all i know is that what humankind needs are only food, shelter,respect and freedom. Which i believe has always been with us but being deprived of bec of this "order" that they say.

[@inachu]

Cure to covid-19 is magnesium and vitamin d. Must take both together or it does not work.

[@marlonbrando223]

So the cure for that virus... is a.. Well balanced diet?! Haha, Wait till the WHO finds out about this!!

[@misskathy4931]

My family Dr just told me that. Then 1 wk later my obgyn Dr tells me same thing. I was in hospital last week and staff told me that ppl die of other illnessess and it gets labeled c19.

[@misskathy4931]

@@marlonbrando223 they already know...just want you to be afraid

[@misskathy4931]

My brother takes all that and didn't get c19 . He was living with 5 ppl that got it

[@donaldjtaylor5312]

A,I shud pay income tax. Say 1 A,I replaced 500 worker's that are no longer pay income tax or spend muny in society. If A,I is taxed like Medical Marijuana industry in the United States. Because No Tax is No Social Services. A,I is ripping off Society.

[@andreaspapadakis2602]

i argued many times that that was not the end of history just for us humans but for every intelligent civilisation in the multiverse..once you discover the neoliberal market perfection to everything ,there is no possible alternative that can lead you faster to the worst nightmarish dystopia imaginable..what sort of intelligence wouldnt be happy ever after with that?

[@jamesflange]

Are global imbalances a result of a world savings glut and manipulation by Chinese authorities or a U.S. mortgage market so awash with cash that you could get a 100 percent mortgage with no income, no job and no assets?

[@johnthompson6550]

TED IS A GOOD FOREMAT BUT LETS CRAZY PEOPLE ENTERTAIN AND WASTE THE TIME OF OTHERS.

[@tonyh.anderson2658]

Keep America great! Dont hate.

[@taraharrison8381]

Define merit

[@brandongooden85]

sure feels like America is becoming more like china to me

[@michah7214]

ok, democracy doesn't mean any nation has rights over any other nation. Having the most people doesn't at all mean you get to tell other countries what to do or to run them. That's not democracy, that 's imperialism. SO think guy is CREEPY

[@miriambourke4505]

this guy speaks sence. now we live in a different world with covid 19

[@kjm4243]

You mean "cents" lol

[@dsjoakim35]

Intro volume: 45000. Talk volume: 2.

[@bicyclist2]

I agree.

[@andreasskouris9191]

thats asian Deil Degrasse Tyson without a mustache

[@aguuaaa]

this guys contradicts himself so much.

[@letitrest4662]

HELLO Washington D.C.! How's your New World Order look now ? This is what happens when you trust bankers, with the country's future. Yours truly, A thirty year activist.

[@davidchung4651]

strange opions

[@jm-ib6wu]

Not true now with covid 19....

[@dman030]

Boy....TEDx really became a commie sounding board.

[@simplyfacts123]

XRP

[@merc9nine]

that was an adorable notion

[@00godlovesus]

:)

[@taraharrison8381]

Maybe each cultural pocket 1 vote? Why did this come up on my suggestions. *Sigh.*

[@alxbog86]

TED and Bill Gates 🔎👁😂😂😂

[@TheyMadeMonsters]

CoOl ViD..! 👍

[@Lgp2324]

Vote Biden if u want this

[@patriciocarvajal5192]

What a BS

[@TheyMadeMonsters]

Amein & HalleluYah!

[@meganh9460]

Peter Zeihan is better .

[@jeppenielsen8225]

What horrible intro music :D

[@abdirahman6734]

Professor learn the people how to become rich and designed what they needs to do

[@BrassyTack]

What a waste of time!!

[@JohnBoy]

BS

[@zhengyangwu8289]

I wonder if this professor has learnt something new since 2016, like that he has been fooled all the time?

[@kanikahasija3537]

You are trying to explain communists are far better than democracy. So I know what propaganda you are trying to say.

[@MYC_ODD_APP]

Fascism

[@ifeonenko]

Xi Jinping propaganda in it's best )))

[@nicolasjacobs176]

Capitalism is as close as you can get.