What Are The Biggest Threats To Economic Stability: Jeffrey Sachs
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День томуCompanies' bottom lines will be affected by geopolitical tensions, and inadequate planning for climate change says Jeffrey Sachs, economist professor at Columbia University. In this episode of The Bottom Line, Professor Sachs explains why productivity measurements are wrong and why a recession may be imminent.
Chapters:
00:00 - Introduction
00:19 - Geopolitics
01:15 - Productivity
02:20 - Artificial intelligence
04:57 - Recession
06:55 - Inflation
07:50 - Climate change
10:10 - Immigration
11:48 - Will the U.S. remain on top?
Produced, Shot and Edited by: Mark Licea
Supervising Producer: Lindsey Jacobson
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What Are The Biggest Threats To Economic Stability: Jeffrey Sachs
@parrish8386 9 місяців тому
I think we are too obsessed about the economy crashing. In the right sense, the economy never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?
@leojack9090 9 місяців тому
I think it's the professionals and those who use their services that are really pulling in the big money right now. There are really advisors that can help you achieve very consistent growth. I have a friend who pulled in more than $194k profit within three months. So you just have to make some research and get one who fits your fin-goal.
@TomD226 9 місяців тому
Investing in quality stocks with long-term potential is a good strategy, but it can be challenging for the average person to do this on their own. Keeping up with industry news and earnings can be time-consuming and difficult. That's why it's easier to work with an advisor who can help you make informed decisions and potentially achieve high returns.
@lowcostfresh2266 9 місяців тому
@@TomD226 Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?
@TomD226 9 місяців тому
@@lowcostfresh2266 It’s a She actually, Laurel Dell Sroufe I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
@fadhshf 9 місяців тому
@@TomD226 Thank you for sharing; I will need all the help I can get because I recently sold some of my assets in order to invest in the stock market.
@whitemoon5752 9 місяців тому
Jeffery Sachs is the best and most reasonable think thank out there. Wish we had more of him the US political arena.
@kennethli8 9 місяців тому
WuMao WuMao WuMao. Glad you made your 50 cents today to feed your family.
@Daswars777 9 місяців тому
Im honestly impressed by how intelligent Sachs mind is, and how true and rich the answers are. This is powerful stuff. Big respect.
@TiggerLyOne 9 місяців тому
Doesn't that make you sad that he is a small minority in main steam media. Americans prefer warmongers😂
@Rob-fx2dw 8 місяців тому
A total lot of hot air from Sachs which is typically what he is only capable of.
@TheLabecki 9 місяців тому
I am surprised NBC will still talk to Jeffery Sachs, given his strong criticisms of US foreign policy.
@lettucesalad3560 9 місяців тому
Right, he's an employee of the Chinese govt, he's listed on CGTN'S website as a contributor.
@TheLabecki 9 місяців тому
@@lettucesalad3560 I don't think that makes him an employee of the Chinse government. It is like saying that t contributor on the CBC is an employee of the Canadian government.
@lettucesalad3560 9 місяців тому
@@darajan6 See my previous comment.
@TheLabecki 9 місяців тому
@@darajan6 I am more inclined to believe scholars over media hosts and politicians (I have a PhD myself), but that is precisely why I am surprised to see Jeffery Sachs on CNBC, because they do not often speak to him or other scholars who clearly think for themselves. I like Jeffery Sachs, but normally I only hear him via much smaller (and usually quite Left wing) news organizations.
@lettucesalad3560 9 місяців тому
@@darajan6 China/CGTN lists Jeffrey Sachs on their own website. Search for "CGTN and Jeffrey Sachs". CGTN is fully funded, operated and controlled by the Chinese government. The CCP is famous for buying off scholars to steal IP, research or do their bidding. I would suggest you pull your head out before you go around acting like you're so knowledgeable about the world. Try some true scholars about China like Adrian Zenz.
@pierrelouis6841 9 місяців тому
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
@charleskaren3948 9 місяців тому
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
@nicolasadrien5100 9 місяців тому
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
@gabrieljules2424 9 місяців тому
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
@guillaumeclement2363 9 місяців тому
I agree with you! With her help, I diversified my 450k portfolio among different markets. During this bearish market period, I was able to produce a net profit of little over $1 million from high dividend yield stocks, ETFs and equity. However, the reality is that you cannot do it without a tried-and-true trading coach like Kimberly Kent
@adrienjulien5573 9 місяців тому
Do you happen to know her contact info and /or willing to pass on her info? I'd really appreciate it.
@jakubageter1689 6 місяців тому
To my understanding this just proves how much we need an edge as an investor because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market, what are your thoughts?!
@AnnieBeischel 6 місяців тому
I can’t focus on the long run when I should be retiring in 3yrs ,you see I’ve got a good companies in my portfolio and a good amount invested, but my profits has been stalling, does it mean this unstable market doesn’t provide any calculated risky opportunities to make profits?
@Adrianjacek- 6 місяців тому
@@AnnieBeischel There are many ways to achieve mouth-watering gains, particularly in a bear market, but such complex trades should only be executed by qualified market professionals.
@Riggsnic_co 9 місяців тому
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
@hermanramos7092 9 місяців тому
True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months.
@martingiavarini 9 місяців тому
@@hermanramos7092 I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?
@hermanramos7092 9 місяців тому
@@martingiavarini The advisor I use is actually quite known, you might have heard of her, Catherine Morrison Evans, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.
@martingiavarini 9 місяців тому
@@hermanramos7092 Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
@bibliophileanki 9 місяців тому
Simply amazing guest. Super fluid thought process and well articulated all the points touched with lucid elaboration on critical issues like climate change, global money supply its impact and how can government act to resolve ongoing issues. He has definitely given a food for thought for the policy makers. Much respect!
@djp1234 9 місяців тому
Biggest threat is greed and allowing corporations and real estate investors to buy up all the single family homes. Heads will roll.
@Sondan1988 9 місяців тому
djp would you turn down a raise if you could get one ? I have NEVER found anyone that would turn one down...but tell me about greed again ? LOL
@djp1234 9 місяців тому
@@Sondan1988 I’m obviously not talking about the working class. I’m talking about parasites who are stealing from the working class.
@Song-TheNiceGuy 9 місяців тому
@@Sondan1988He is talking about affordable housing, and you are talking about salary.😂😂
@Sondan1988 9 місяців тому
@@Song-TheNiceGuy can you tell me in objective terms what 'Affordable Housing' is exactly please ?
@Song-TheNiceGuy 9 місяців тому
@@Sondan1988 Housing that minimum wage workers can afford, housing where retired elders could live, and living space with lower rent for college graduates who are 40,000 dollars in debt. You know, the society safety net every developed country has.
@Erikkurilla01 9 місяців тому
I wonder if individuals who went through the 2008 financial crisis had a relatively less challenging experience compared to what I am currently facing. The current market conditions are causing significant distress for me. Specifically, my portfolio has suffered a loss of over $27,000 in just this month, and my profits are diminishing. This situation is raising concerns about the potential impact on my retirement plans, as I am unable to increase my stagnant reserves.
@jessicasquire 9 місяців тому
In the midst of ever-changing market conditions, there are actually favorable opportunities to take advantage of, making heightened volatility not necessarily unfavorable. This period of volatility can be seen as an opportunity to adjust and optimize your investments. Seeking the guidance of a financial advisor or broker would be beneficial in pursuing your portfolio diversification goals.
@Lemariecooper 9 місяців тому
With the guidance of an investment advisor, I successfully diversified my $401k portfolio across various markets. This strategic approach allowed me to generate a remarkable net profit of over $980k within a relatively short span of a few months. The profitability came from investing in high dividend yielding stocks, ETFs, and bonds.
@Erikkurilla01 9 місяців тому
@@Lemariecooper Impressive can you share more info?
@Lemariecooper 9 місяців тому
@@Erikkurilla01 I cannot disclose too many details, but my portfolio is managed by *STEPHANIE KOPP MEEKS* . She is an exceptionally intelligent individual who demonstrates thoughtfulness, caution, and possesses outstanding credentials. It is easy to find information about her online.
@Erikkurilla01 9 місяців тому
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@mustg4891 9 місяців тому
Jeffrey always grateful analysis thank you 👍
@rayzerot 9 місяців тому
The biggest threat to economic stability is the economic system we've chosen. "Endless growth" is guaranteed to fail and is therefore inherently unstable
@patrickrealestate-8193 9 місяців тому
Finally a major platform gives Jeffrey Sachs a platform to speak truth.
@freemanol 9 місяців тому
As long as he agrees not to talk negatively about the US, that's for sure
@drewh3224 9 місяців тому
@freemanol yup. That must have had some kinds of agreement before on-air.
@Western_Decline 9 місяців тому
@@freemanolthe controlled U.S. media will make sure of this
@jzzzxxx 9 місяців тому
you mean other than RT and CCTV
@markcu975 9 місяців тому
It is Pre recorded and cuts to whatever they don't like to hear..
@ericchen-qo7sf 9 місяців тому
Jeffrey Sachs is a good man with no bias.
@Rob-fx2dw 8 місяців тому
Wrong. You have your head stuck in the sand. Sachs wants to have peace with a maniac dictator who has murdered his opponents and broken over 20 international agreements in the past 30 years so and has invaded other countries to annex them. Sachs is an irresponsible idiot whose only objective is self promotion.
@kristabluesmith940 9 місяців тому
Thank god some main stream news sources are featuring voices of reason.
@Stephen-we6do 9 місяців тому
I love how the interview jumps to the next question after Sacks says "make the wealthy pay more taxes.".
@ajr993 9 місяців тому
because its not an interesting answer with any kind of depth. Tax the rich is a generic slogan meant to make the uneducated masses feel better.
@swissjamonigrowchannel8708 9 місяців тому
The upper 1% not middleclass should pay
@ssuwandi3240 9 місяців тому
My mom.always asked why the rich wouldn't do more like in China 😂 because Sasch lived and worked there so that's a matter of perspective. That was common outside of US folks
@yougetaspear7799 9 місяців тому
@@ajr993nd the greedy mercenaries who have been eating all by themselves will have to be on the menu during their WW3, there's just no other option...weaponising liquidity against those they so insecure to compete fairly with thou been printing fiat currency from thinair but deliberately refuse the minorities....enough
@shimsteriom4191 9 місяців тому
Excellent guest 👌
@clivematthews95 9 місяців тому
Very interesting insight, but I still say in terms of the war, there’s an aggressor and an occupied state we can’t just believe peace is easily achieved. The aggressor must thwarted I do take into account that economic shocks are bad for the economy, but an unchecked aggressive military power is even worse for sovereignty. Climate related economic shocks are the biggest issue, and will continue being, going forward
@learnwithgames7994 9 місяців тому
The US has the power of stopping the war. All that need to be done is Otan open hands of Ukraine and let bases of Russia to ensure the agreement. There is no other way. Russia does not need and does not want control Ukraine, what they want is Otan out of there.
@clivematthews95 9 місяців тому
@@learnwithgames7994 that’s very disingenuous
@MegaPapa8888 9 місяців тому
Always good and honest answers. Very direct, and no B.S. He is really good.
@jackjhmc820 9 місяців тому
Professor Sachs needs to get interviewed across different channels because he provides a unique and independent voice that is not bribed by vested interests. He has the audacity to criticise the mainstream narrative when extreme selective reporting occurs to advance particular political agenda
@marklavric8323 7 місяців тому
I realy to see that such a wise Man would become a President of USA. Thank You so much for wise words and thoughts
@andresguraieb1947 7 місяців тому
My respects to Jeffrey. What a great speaker and thought leader.
@noelvinpaulino1290 9 місяців тому
Waoo thank you cnbc , this is so educational,i learned a lot just in 12 minutes
@StephenSwarner 9 місяців тому
The current economic system contributes to instability, inflation, and poverty. A new Creative Society economic model is required, one that can guarantee everyone's stability, security, and a high standard of living. But unfortunately, whenever the leaders we depend on appear on TV to tell us not to panic that everything is under control, that is actually the time to fear the most! Saddening...
@JamesRamos-lz2zt 9 місяців тому
What the public thinks is irrelevant to our leaders. We've been used as pawns for a very long time. People are really going through real life crisis right now. This is no more a recession, its is a major depression. The corrupt government will end this country, just like what happened to Rome. My sympathy is extended to anybody who is close to retirement and may be concerned about the viability of their pension, particularly in light of the ongoing increase in the cost of living.
@netizencapet 8 місяців тому
Sachs is tried and true. Jeff we have been listening for years and we love your spirit for justice and peace! He's one of the few who has learned from youthful mistakes. He has turned much more towards the left after the tragedies that Russia suffered under his initial privatization plans. Few luminaries can claim the same adaptability or change of heart for the better.
@Rob-fx2dw 8 місяців тому
You are totally wrong - it competely collapsed under communist socialist rule. Why have you ignored that?
@psikeyhackr6914 7 місяців тому
Economists who ignore the depreciation of durable consumer goods. How much CO2 is the result of unnecessary manufacturing due to planned obsolescence? How much is the annual depreciation of durable consumer goods?
@gmarefan 9 місяців тому
Imagine if we had a presidential candidate talking about all this stuff last election cycle.😊
@arthurlevin 5 місяців тому
The best thing our country could do is start investing heavily in housing instead of war. Creating a surplus in housing owned by federal, state, and local government agencies that are rented out on an ability-to-pay basis with the revenue received used to fund needed social services is the way to go.
@zin360 9 місяців тому
awesome interview, more like this pls
@JoscelinTrouwborst 9 місяців тому
A lot well addressed in a short time.
@jamesteh829 9 місяців тому
Great Prof Jeffrey
@amostofi1999 9 місяців тому
Nobody outside the government inner circle even knows what's going on.
@amilaperera1 8 місяців тому
Wow. An Excellent Discussion
@BigChuneesss 8 місяців тому
More segments please with Mr Sachs
@AileenSerrantes-ol8qk 5 місяців тому
Thank you
@syedzaryabali8976 9 місяців тому
Very nicely described
@rejivarkey3797 9 місяців тому
Global challenges and other mentioned factors needed to be adressed now to bring economic stability.
@MR2SHY 7 місяців тому
WELL SPOKEN THANXXXX🫡🫡🫡🫡🫡🫡🤠🤠🤠🤠👍👍👍👍👍👍
@chrisdecato 9 місяців тому
This kind of critical thinking is what is lacking in the leadership of our country... so mane have given up paying attention!
@zangarkhan 9 місяців тому
Why is always about paying more in Taxes and not about improving Government efficiency and the quality of out politicians. AI is a tool that can help with that too, essentially doing more with less.
@silentmajority9162 9 місяців тому
The debt is too much, spending is too much, the law benefit and protecting the rich, the endless war everywhere is eating out US.
@Phlegethon 9 місяців тому
House prices. Why is it an investment rather than a home
@Truthseeker371 9 місяців тому
It's a damn truthful fact that one part of the world fighting helps the world economy progress.
@ramongabutina8015 28 днів тому
Good advice on countries to hold talks/negotiations especially by the nation Superpowers to ease tensions but it would be hard to have talks if a Superpower nation first unilaterally invade before talks are held as what happened in the South China Sea & Ukrainne .
@OxwoodBr-io6id 9 місяців тому
Good very good points
@user-tz1pr1ps2o 8 місяців тому
reporter keeps cutting him off whenever he talks about the geopolitical reasons and the need for peace lol
@tonyotag 9 місяців тому
geopolitical: the political gap about the budget is still strong. default risk is still strong. Sure, congress and the president did pass a budget, but only for two years. Default risk is still a liability to American economic security and is a national defense and espionage issue.
@Tristan87688 9 місяців тому
Did you notice that we are constantly in this alert state, with economy issues since 2008 and war in every year... There is always an excuse why you have to work for nothing.
@athirameretty6611 9 місяців тому
Good one after long time in CNBC
@mack-uv6gn 9 місяців тому
And we wonder why the homeless problem keeps growing 🤦🏻♂️
@user-ip5bx1cx6k 6 місяців тому
There is nothing to understand better. A.I. which I have learned is something of a new corporation. A world changing from a business mind into an artificial minded place. Artificial corporate takeover in its friendly phase soon to be more aggressive. The planetary bad karma is a simpler way to explain global issues, in my opinion. Yet all of these issues are just well thought out distractions. A better way to look at things is to identify the dishonorable relationship with the planet. I have a system developing that allows humanity to have a honorable relationship with the planet economically, intelligently, politically, militantly, academically and religiously. I call it the true to the living system. Hope we can speak soon
@BgmiUDT 9 місяців тому
The best way to reduce carbon and energy free, 1) Build the house around work place or near to work place. It'll reduce transportation. It'll reduce traffic and boost public transportation and cycles. It'll reduce fuel consumption and carbon emissions and air pollution. 2) Avoid official travelling by making online meeting as priority. 3) increase the energy tax for personal vehicles. Reduce the energy tax for commercial vehicles and public transportation. 4) increase and Use semi speed and high speed rail network efficiently. This will reduce air transport. 5) Save and protect agriculture land because food is the future economy and country should self reliant on this. 6) In the past 30 years mobile, internet, Digital had changed everything drastically. Politicians should learn from the past and strictly always think about the future because AI starts evolving. No one can predict how things will change in future and no one can predict the timeline of AI development. Once AI fully developed then massive job cut will be there and indian IT field will collapse slowly.
@jamesmorton7881 6 місяців тому
PAY workers more. Jobs for all. redistribution, prosperity & sustainability. Leaders with no clues. remember the President;s Scientific advisory panel ? Of course not. Carl Sagan' last interview.
@Ayo22210 9 місяців тому
#1 is the Fed
@sallysally58 9 місяців тому
No war, no sanctions, compete, compete, compete, new business models, AI, 3D, Healthcare, Reduce Carbon - who will bell the cat, certainly US, China, Russia, EU, Japan, Indonesia,
@Sondan1988 9 місяців тому
What the hell does 'Sustainable Development' even mean ? And you are interviewing a guy that supported a Socialist ? So this Economist thinks we should placate Russia and their invasion Ukraine ? Which one is it ? A ?FAIR? assessment ? Sorry professor but Fair is subjective, not objective. What is the old saying ? ‘Those who can, do; those who can’t, teach’ - George Bernard Shaw
@paulh2468 9 місяців тому
I laughed when Sachs says all you have to do is accurately predict how the world will be in 20 years. Predicting the future is impossible, yet all talking heads are expected to do so. Musk did not predict the future. He took an educated guess and a huge gamble.
@Xrey-ek5sh 9 місяців тому
No he didn’t, someone else came to him with the idea looking for investment and he stole it and pretend that he was some genius inventor!!
@paulh2468 9 місяців тому
@@Xrey-ek5sh I’m not surprised. That happens a lot unfortunately.
@danielgriffin8132 9 місяців тому
One of the biggest threats to car manufacturers is the un willingness to build small cheap EVs .MOST CARS ONLY HAVE ONE PERSON IT SO START SMALL THEN WORK YOUR WAY UP TO LARGER EV'S STARTING AT THE TOP FOR WEALTHY .ISN'T GOING TO GET IT DONE
@pastrukwildauer2014 9 місяців тому
My guy looking like Jason Bateman with a couple of decades to his name
@stanleysiao4646 9 місяців тому
MEXICO REPLACED CHINA as NUMBER ONE EXPORTER TO USA. Usa GDP JUNE, JULY
@triplediff 9 місяців тому
Please fire this interviewer. The more questions I hear the more disappointed in CNBC I become. Props to the guest for keeping it together and managing thougtful responses to these braindead questions.
@user-se9uk2py5k 9 місяців тому
A lot of easy talking: to "start the peace stuff" first ask Russia. Maybe reelection is not the first concern if you have some values. Europe will never depend on energy from Russia again. Trade gone is gone for next 50 years.
@jenme4796 9 місяців тому
He looks skinnier now, he is worried, he is trying so hard to make the message out,
@Jason-sf8vx 9 місяців тому
World must continue and increase trade, war must end and interest rate must stop to rise/ interest rate needs to decrease due to huge debt in the system
@piku5637 9 місяців тому
A handful of oligarchs (the bourgeoisie) privately owning the means of production, distribution and exchange.
@jimkang1618 9 місяців тому
Can we start a move -“Nobel Prize nomination of Jeffrey Sachs”?
@Rob-fx2dw 8 місяців тому
He has done nothing but promote himself. Get you head out of the sand.
@gentuxable 9 місяців тому
I would say Artificial Intelligence does to office jobs what industrialisation did to the hand-manufacturing jobs. You'll not find many gluing soles to shoes by hand all day long these days but even with great machines there's still a lot to do by humans and hands. The same way many people who are reading, understanding and responding or forwarding simple requests all day may lose their current job but AI has still quite a lot of hard limits to just do it all itself and so I would say it creates more jobs but with people trained more all-round.
@bcase5328 9 місяців тому
AI will be more of a threat to a Law Paralegal's job then to a Janitor's job.
@gamer-ff6mh 9 місяців тому
It's not so simple. A frustrated human would still want another human to yell at at a call center. He would hate it if a robot is on the other end.
@gentuxable 9 місяців тому
@gamer-ff6mh but that is disappearing anyway. Many businesses are hiding or not even operating a call centre. Try to find the phone number to call youtube for example.
@advhimanshupratapsingh 9 місяців тому
As Economist, the picture is scary and he is write, we need to be forward looking and be ahead of curve, geopolitics is key of economic stability for world
@carloshidalgo92 9 місяців тому
that answer on immigration was ODD 10:10 Kind of, out of touch of just straight evasive. Great interview tho. thanks
@cameron00148 9 місяців тому
1. On the topic of A.I. - I still want to know who will be paying taxes and contributing to social security if a lot of jobs are taken over by A.I.?? I also stand 10 toes deep when I say that A.I. should NOT have feelings or become sentient! 2. I agree with this guy on a lot of points, but I have to slightly disagree with him when he brings up the topic of electric vehicles. We got to FIRST fix that failing POWER GRID before we can go all electric. You see all these heat waves are taking the power grid to its limits? OK - let's take the current weather events in the U.S. + all vehicles starting tomorrow are all electric = X__X I just see a lot of people being trapped and potentially cooking or freezing over (depending on location) because we went all electric with the power grid in its current condition. Let's also not forget that the vehicle's climate control system and how you drive the car will have an influence on a vehicle's battery range. Lastly, I don't even wanna know how much those batteries cost after the warranty expires or what they do with those batteries once they've reached the end of their lifecycle.....
@Henry-teach-Chinese-in-jokes 9 місяців тому
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@GeorgeChuy 9 місяців тому
If politicians would do half as much foolery as they have been doing all along, the world would be much better. I will not positively say all this environment stuff will not make any decisive difference at all in terms of global warming, yet I have to say I'm fed up with this endless fuss and farce at the expense of poor people and middle income people.
@TheBenno00 9 місяців тому
Sachs geopolitical analysis is a joke Ofcourse we shouldn’t resume trade with Ruzzia
@SWLinPHX 9 місяців тому
When you think about it though, is there really such a difference between billionaires and the average citizen? They are just people after all. The only difference is they live well (usually in luxury), and don't worry about money and can get whomever and whatever they want when they want it.
@k.h.6991 9 місяців тому
The main difference is precisely that they have more money than they can reasonably spend.
@firojmnalam6121 8 місяців тому
What do you think population?👍👍👍👍👍
@truthaboveall7988 9 місяців тому
They say productivity is down for a century look it up
@user-ev9to4xx2o 3 місяці тому
Democracy.destroys😢😢
@ligbzd837 8 місяців тому
So basically, for some people, there should be no consequence to invading another country. Russia is invading Ukraine, but for "economic" reasons, we should NOT sanction Russia. How else can we punish countries that is invading another country without sending troops then?? If we don't hold countries accountable for invading another country and taking their land, then what is world order? If America doesn't help Ukraine, then Russia can just cherry pick and keep on invading. What's to stop him?
@davd1986 8 місяців тому
How should we punish countries like the United States that invade other countries?
@XOPOIIIO 9 місяців тому
Okay, GPT-7, how can I earn a lot of money... wow. Okay, GPT-7, how can I avoid taxes... WOW!
@triplediff 9 місяців тому
I feel for this guy having to deal with such a mindless interviewer. The "bottom line" of some company nobody but the shareholders care about does not matter.
@triplediff 9 місяців тому
He manages to respond to imbecilic questions with breadth and depth. Impressive for Mr Sachs, embarrasing for his interviewer.
@robertlee8805 9 місяців тому
No. She's asking important questions that needs to be asked to a well knowledgeable economist.
@user-ne1qw1ru3q 9 місяців тому
I can sum up them all Rishi Sunak for the UK
@balakrishnaprabhunallendra999 9 місяців тому
Even though USA is in top.... Still homeless and illegal immigration are going to pull it down a bit.... Domestic issues should be addressed with top priority.
@shaduck06 9 місяців тому
DUH Personal checking system
@Darkskindiplo 9 місяців тому
No way to adapt? Seriously?
@myloc9850 9 місяців тому
I like Sachs a lot except for one subject Climate change Co2 is the life of the earth, more carbon use would make the earth better and more liveable The earth is actually in long terms cooling
@jean-michellambert8769 9 місяців тому
'US has to stop the war stuff.' Kind of a joke really, and a bad one. ''Hey Ukraine, accept the territory losses so the US economy can do better.''
@antolab 8 місяців тому
Well... and the rich get reacher and the poor get poorer. Is that a consequence of climate change too?
@gg-petite 9 місяців тому
a lot of people in these comments are offering suggestions to invest and diversify their portfolio w/o considering that many americans are living paycheck to paycheck and the economic system of capitalism has created the conditions of what we are seeing. we truly need to change the values of this country; the bedrock of this nation is imbued with genocide and violent exploitation - we desperately need a socialist reconstruction, we need collective prosperity for all
@siruitao 9 місяців тому
Dr. Walter White!
@faridjafari6356 9 місяців тому
In the last minute it was mentioned that USA can not be the largest economy because there are countries with much larger populations in the world, So why not try to increase the population of USA?
@tallest4eva 9 місяців тому
Why does the US have to be the largest economy? There are only 2 ways to increase a population: encourage more births or more immigration. Encouraging births can be done through more family-friendly policies: paid maternity and paternity leave, child tax credits etc. We already know the right in the US hates those "handouts". We also know the right hates more immigration. Increasing the population too fast or artificially would literally mean a lower standard of living for everyone individually.
@faridjafari6356 9 місяців тому
@@tallest4eva The US has to be the largest economy in the world to maintain its position as the most powerful nation in the world. Encouraging people to have more children doesn’t necessarily mean it has to be done by the way you mentioned above. The best way to encourage people to have more children is to reduce their costs of life for example make affordable housing more accessible for people since one of the main sources of draining people’s income is for housing. Or spread more public services like public transportation which will benefit everyone and the environment. The right does not basically oppose immigration, what they want is to have more qualified immigrants with higher education, skills, talents and wealth to go to USA which is right and these types of immigrants are good for economy because they create more jobs.
@Xrey-ek5sh 9 місяців тому
@@faridjafari6356USA legacy has been built on western colonialism and exploitation, your time is up!!
@jaifernandez2989 9 місяців тому
@@tallest4eva Why can't Africa be convinced about how their standard of living could go up if their population growth decreased?
@jeffc1347 9 місяців тому
A lot of what he says makes sense but it also seems like he wants Ukraine to give up their sovereignty to an authoritarian nation ran by a dictator for the sake of helping the economy, which I have to disagree with.
@alystero8838 9 місяців тому
Giving sovereignty for peace isn't bad. Mexico did cede upper California and new mexico to US when it invaded it.
@AbuSous2000PR 7 місяців тому
Putin must love Sachs. Daet Prof. : educate us plz....how to make peace with Mr. Putin? Let us loop in his buddy Mr. Prigozen LoL
@algernonis69 9 місяців тому
And climate change
@logantassey7327 9 місяців тому
We r all very poor and also very unhappy
@jhawk5109 9 місяців тому
But muh capitalism, we ain’t want no commies… Said some guy in rural Alabama making 20k a year.
@garrettcole2251 9 місяців тому
STOP being #1!!!!!!!!!!!!
@jentorninos.ballen9269 9 місяців тому
Wala kang laban sa pag sira sa buhay mo at wala kang ibidinxa sa ginawa sa buhay mo ginulo ka at wala kang karapqtan sa ginawa nila pang gugulo sa bubay ko w Kaya ganun ginawa sayo sa pang gugulo sa bubay ko pag sira sayo sa kakahiyan
@oregonsbragia 9 місяців тому
Wealth inequality
@Dfgbuiiyyyybb 9 місяців тому
All I hear is rich people will be fine… everyone else you’re on your own.
@gandhikumar2956 9 місяців тому
Politicans
@ashleyjenny186 9 місяців тому
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
@oliviagreg5298 9 місяців тому
You are absolutely right 👍
@alicemark5918 9 місяців тому
If you don't find a means of multiplying your money, you will wake up one day and realize that the money you thought you had, had been exhausted. Investment is a ladder to climb the financial wall.
@josephfrys6969 9 місяців тому
@@alicemark5918 True 💯
@ningyen1444 9 місяців тому
@@alicemark5918 Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
@ashleyjenny186 9 місяців тому
@@ningyen1444 cryptocurrency investment, but you will need a professional guide on that.
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