Globalization, Technological Change, and Inequality: Jeffrey Sachs and Paul Krugman in Conversation

Economists Jeffrey Sachs and Paul Krugman engage in a discussion moderated by Gillian Tett, US managing editor of the Financial Times. The panelists explore the intersection of globalization, technology, and inequality and how these issues relate to recent crises. Sachs is a professor of economics at Columbia, a senior UN advisor, and author of bestselling books, including The End of Poverty. Krugman is a Nobel laureate, New York Times columnist and author, professor at Princeton's Woodrow Wilson School, and distinguished scholar at the Luxembourg Income Study Center at the GC, where he joins the economics faculty in Fall 2015.
Presented on May 4, 2015, by GC Public Programs; co-sponsored by the Ph.D. Program in Economics.

[@hereigoagain5050]

Another great Sacks & Krugman panel. I also see some hope in changing consumer preferences from cheap & plenty to artisan goods & services.

[@danielscheinhaus5210]

It's also very interesting that our two economists are not only restricting their thoughts, and therefore their understandings, to the developments in US and European societies. Meanwhile, where the bulk of humanity lives, in Eastern and Central Asia, massive changes are taking place and there seems to be no discussion of how these changes will influence and effect the US and Europe.

[@dougspray7160]

Everybody agrees that to achieve more equality a tax system overall to heavily tax the very wealthy is the Democratic way of doing this. But because of the unsatisfactory American Constitution, the Electoral College, Political appointment of Judges, Lobbying, Gerry mongering, etc etc and then with the control of the media by this very wealthy group how can Tax reform ever happen in America ?

[@kathleenmckeon9926]

I enjoyed this lecture so much and thanks a ton for sharing it. To Sachs, thanks for talking about TPP, I am so horrified by the fact that our representatives have had to sign a Non-Disclosure to read whats in the TPP, the secret law without representation, kills me that this exists at all. The fact that two laws are going into place without the people having any idea whats in them or what it means is so unbelievable to me and is like a crazy book really. Thank you to Wikileaks for what I know, for without them I would know nothing about whats in TPP.

[@davidwardrop9214]

Very glad to see this video has so many viewers.

[@withoutlimits16]

Sachs is such a jolly dude

[@civicmedianewyorknewyork]

6 minutes in, and the rubbing and touching just wont cease. I wish someone would add to the ad blocker toolbox the 'rambling back patting introductions' blocker. "I was chairing a similar panel in Davos.." Something no one should admit to.

[@juniorromano3762]

Great conversation..

[@ekaz06]

i'm from Malaysia. Enjoy this dialog. Love to share this. TQ.

[@nmarks]

Gillian Tett has a wonderful speaking voice.

[@waiwirir]

So relivent to 2020... And perhaps for the next few years or more.

[@monulalmashiha4329]

Good discussion on G T and I

[@HoreaChristian]

The moderator doesn't seem to be understanding the discussion particularly well, but she really does like to tell people about her meetings with *important people* :D

[@renee-mariekrugkrug3989]

Education teaches a person to think!

[@andreselectrico]

It is always interesting and fun to see two great minds exchanging ideas. But, am I the only one who see some sort of brief ego war around minute 59?

[@kepstein8888]

Starts at 9:00

[@emmafuentesbaltazar8801]

Love you too all People Amen godbless Jesus Christ Amen Diyos Ama

[@eduardovll_]

*GILLIAN TETT BEUTIFUL 🌹*

[@ainsgoal5234]

WOW

[@sjt4225]

Universal Basic Income

[@mns8732]

Will machines help? Are we happier since the automobile?

[@renee-mariekrugkrug3989]

he developed great study habits

[@renee-mariekrugkrug3989]

WE need Hydrologists, it requires calculus and chemistry...

[@karrarnaji2371]

People nowadays are far more professional in giving talks rather than being more serious and practical about solving the problems. It seems nothing has been fixed so far, although the talks have been evident since decades ago. sounds disappointed and the poor going poorer, inequality going even worse, and discrimination going out of the roof. Simply put, people are competing in giving ideas and theoretical solutions instead of implementing them and that is ridiculous.

[@juancpgo]

“you guys believe in government!” not sure whether that was cynical or not

[@igorkluch6010]

World achievements - input and output in Russia and Ukraine: Action - input in 2014 - Crimea, Ukraine East, 2015 - Syria. Output - Result: 10 thousand killed, 1.5 million refugees in Ukraine; 224 killed in Sinai economic decline by 4, and 6%, respectively, devaluation of the ruble and hryvnia twice Inflation of more than 15% The effect is achieved? And for those killed have effect? Input in world's wealth

[@renee-mariekrugkrug3989]

With education....poor chuldren require parents to get involved not just throwing money at the problem.

[@seanliburd357]

👼🏽🇮🇹💯

[@hankchinaski_]

The only reason the 2 professors are so smug is because in spite of yacking to the contrary, they don't really believe they're replaceable by technological innovation. As we speak universities around the world are failing... and they don't even know it yet.

[@fcblaugrana0]

min 39

[@DestroyerWeapon]

No mamen que no hay subtítulos

[@luisalbertopallaressolano5907]

Jajajaja

[@williamtrakas3142]

Why is an uninformed moderator always needed? This one is particularly flamboyant. I'd much rather these two simply discuss between themselves

[@Thewerwolf]

Sawing machine operators, really Paul? Jeffrey is right this exactly the kind of things that his highly automatable.

[@renee-mariekrugkrug3989]

Why is Paul Krugman a sprcialist...his Mother made it her business that he did developed great study habits, assignments done correctly, went to the library regularly before he went out with his friends

[@renee-mariekrugkrug3989]

With education....poor chuldren require parents to get involved not just throwing money at the problem

[@renee-mariekrugkrug3989]

In a word we are experiencing "Transcience"...the sun will rise tommorow.

[@sokre1100]

Who wrote the titles in this video? It was rather poor. The author never heard about Davos, ad hoc, Reagan, etc.....Terrible indeed

[@firstal3799]

Yeah Krugman is a robot probably, USSR made

[@bertnijhof5413]

The US Banana Republic

[@TheNoblot]

1492 is 1492 not 1066/ and 1776 is 1776 /not Shakespeare Renaissance. Washington is what it is, nothing can be done to improved there is no magic wand that can enlighten Washington. To but it simple think of a child and a not so intelligent father, the unbalance father will have an unbalance child, it is not the child fault, it is the parents that have cause the havoc. now is time to educate the child properly. Try and tell a men that he is wrong he would not believed and moreover since he is a child of a new rich, that makes it even worse. UN that is what america is a spoil child, those that let it happen did it for their own benefit, taking advantage of the Naïve america however good & bad do not exist good things are the advance in technology, the bad is that there is no civility in america no class refinement or any nobility, just low class individuals on a world that functions by material objects no brains reason why you have the media brainwash the subconscious of Americans and the advertising to condition & domesticate the conscious, now these facts are global and you now understand the chaos of the western world & how the blind is leading the blind. on a not quite secure economical world, and as you can perceive it is the economy of Washington the main cause of all wars since 1913 to 2022 😥

[@firstal3799]

Lol

[@fcblaugrana0]

Lol "are robots taking our jobs?". So technology is making many shitty jobs less necessary and we blame that for our economic trouble. Pretty unimaginative anthropologist.

[@juancpgo]

+a4d3 Countless people live on what you call shitty jobs, that's reality and the threat is very real.

[@fcblaugrana0]

Juan P My point is that if "robots" are doing those jobs those people can do more meaningful work if, as a society we decide to divide up work and resources somewhat equitably. If robots can work the assembly line - good. those people are free do more innovative things.

[@juancpgo]

a4d3 Of course the ideal world is one in which no one does repetitive, machine like work. In he real world things are different though. Moving people towards innovative things takes time and better education, which costs money. The pace in which robots will take over jobs is faster than we can move people to other jobs that would be more creative. That is why it is a concern.

[@fcblaugrana0]

Juan P That's a political question.. there is no reason there isn't a solution... except for the rate by which the benefits and control of resources get funneled disproportionally to the most powerful