What Are The Biggest Threats To Economic Stability: Jeffrey Sachs

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  • čas přidán 25. 06. 2024
  • Companies' 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

Komentáře • 322

  • @Riggsnic_co
    @Riggsnic_co Před 11 měsíci +363

    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?

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      @hermanramos7092 Před 11 měsíci

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      @martingiavarini Před 11 měsíci

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      @hermanramos7092 Před 11 měsíci

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    • @martingiavarini
      @martingiavarini Před 11 měsíci

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  • @Daswars777
    @Daswars777 Před 11 měsíci +63

    Im honestly impressed by how intelligent Sachs mind is, and how true and rich the answers are. This is powerful stuff. Big respect.

    • @TiggerLyOne
      @TiggerLyOne Před 11 měsíci +4

      Doesn't that make you sad that he is a small minority in main steam media. Americans prefer warmongers😂

    • @Rob-fx2dw
      @Rob-fx2dw Před 9 měsíci

      A total lot of hot air from Sachs which is typically what he is only capable of.

  • @bibliophileanki
    @bibliophileanki Před 11 měsíci +25

    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!

  • @pierrelouis6841
    @pierrelouis6841 Před 11 měsíci +79

    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
      @charleskaren3948 Před 11 měsíci +1

      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
      @nicolasadrien5100 Před 11 měsíci

      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
      @gabrieljules2424 Před 11 měsíci

      the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

    • @guillaumeclement2363
      @guillaumeclement2363 Před 11 měsíci

      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
      @adrienjulien5573 Před 11 měsíci

      Do you happen to know her contact info and /or willing to pass on her info? I'd really appreciate it.

  • @whitemoon5752
    @whitemoon5752 Před 11 měsíci +32

    Jeffery Sachs is the best and most reasonable think thank out there. Wish we had more of him the US political arena.

    • @kennethli8
      @kennethli8 Před 11 měsíci +1

      WuMao WuMao WuMao. Glad you made your 50 cents today to feed your family.

  • @jakubageter1689
    @jakubageter1689 Před 8 měsíci +126

    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
      @AnnieBeischel Před 8 měsíci +3

      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-
      @Adrianjacek- Před 8 měsíci +1

      @@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.

  • @TheLabecki
    @TheLabecki Před 11 měsíci +23

    I am surprised NBC will still talk to Jeffery Sachs, given his strong criticisms of US foreign policy.

    • @lettucesalad3560
      @lettucesalad3560 Před 11 měsíci +3

      Right, he's an employee of the Chinese govt, he's listed on CGTN'S website as a contributor.

    • @TheLabecki
      @TheLabecki Před 11 měsíci +9

      @@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
      @lettucesalad3560 Před 11 měsíci

      @@darajan6 See my previous comment.

    • @TheLabecki
      @TheLabecki Před 11 měsíci +1

      @@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
      @lettucesalad3560 Před 11 měsíci

      @@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.

  • @Erikkurilla01
    @Erikkurilla01 Před 11 měsíci +205

    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
      @jessicasquire Před 11 měsíci

      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
      @Lemariecooper Před 11 měsíci

      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
      @Erikkurilla01 Před 11 měsíci

      @@Lemariecooper Impressive can you share more info?

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      @Lemariecooper Před 11 měsíci

      @@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
      @Erikkurilla01 Před 11 měsíci

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  • @djp1234
    @djp1234 Před 11 měsíci +35

    Biggest threat is greed and allowing corporations and real estate investors to buy up all the single family homes. Heads will roll.

    • @Sondan1988
      @Sondan1988 Před 11 měsíci +1

      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
      @djp1234 Před 11 měsíci

      @@Sondan1988 I’m obviously not talking about the working class. I’m talking about parasites who are stealing from the working class.

    • @Song-TheNiceGuy
      @Song-TheNiceGuy Před 11 měsíci

      ​@@Sondan1988He is talking about affordable housing, and you are talking about salary.😂😂

    • @Sondan1988
      @Sondan1988 Před 11 měsíci

      @@Song-TheNiceGuy can you tell me in objective terms what 'Affordable Housing' is exactly please ?

    • @Song-TheNiceGuy
      @Song-TheNiceGuy Před 11 měsíci

      @@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.

  • @mustg4891
    @mustg4891 Před 11 měsíci +6

    Jeffrey always grateful analysis thank you 👍

  • @kristabluesmith940
    @kristabluesmith940 Před 11 měsíci +4

    Thank god some main stream news sources are featuring voices of reason.

  • @rayzerot
    @rayzerot Před 11 měsíci +15

    The biggest threat to economic stability is the economic system we've chosen. "Endless growth" is guaranteed to fail and is therefore inherently unstable

  • @shimsteriom4191
    @shimsteriom4191 Před 11 měsíci +21

    Excellent guest 👌

  • @Stephen-we6do
    @Stephen-we6do Před 11 měsíci +33

    I love how the interview jumps to the next question after Sacks says "make the wealthy pay more taxes.".

    • @ajr993
      @ajr993 Před 11 měsíci +6

      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
      @swissjamonigrowchannel8708 Před 11 měsíci +4

      The upper 1% not middleclass should pay

    • @ssuwandi3240
      @ssuwandi3240 Před 11 měsíci +4

      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
      @yougetaspear7799 Před 11 měsíci

      ​​@@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

  • @patrickrealestate-8193
    @patrickrealestate-8193 Před 11 měsíci +68

    Finally a major platform gives Jeffrey Sachs a platform to speak truth.

    • @freemanol
      @freemanol Před 11 měsíci +7

      As long as he agrees not to talk negatively about the US, that's for sure

    • @drewh3224
      @drewh3224 Před 11 měsíci +1

      @freemanol yup. That must have had some kinds of agreement before on-air.

    • @Western_Decline
      @Western_Decline Před 11 měsíci

      @@freemanolthe controlled U.S. media will make sure of this

    • @jzzzxxx
      @jzzzxxx Před 11 měsíci +1

      you mean other than RT and CCTV

    • @markcu975
      @markcu975 Před 11 měsíci +2

      It is Pre recorded and cuts to whatever they don't like to hear..

  • @MegaPapa8888
    @MegaPapa8888 Před 11 měsíci +6

    Always good and honest answers. Very direct, and no B.S. He is really good.

  • @clivematthews95
    @clivematthews95 Před 11 měsíci +4

    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
      @learnwithgames7994 Před 11 měsíci

      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
      @clivematthews95 Před 11 měsíci

      @@learnwithgames7994 that’s very disingenuous

  • @gmarefan
    @gmarefan Před 11 měsíci +4

    Imagine if we had a presidential candidate talking about all this stuff last election cycle.😊

  • @noelvinpaulino1290
    @noelvinpaulino1290 Před 11 měsíci +1

    Waoo thank you cnbc , this is so educational,i learned a lot just in 12 minutes

  • @zin360
    @zin360 Před 11 měsíci +1

    awesome interview, more like this pls

  • @marklavric8323
    @marklavric8323 Před 9 měsíci

    I realy to see that such a wise Man would become a President of USA. Thank You so much for wise words and thoughts

  • @JoscelinTrouwborst
    @JoscelinTrouwborst Před 11 měsíci

    A lot well addressed in a short time.

  • @andresguraieb1947
    @andresguraieb1947 Před 9 měsíci

    My respects to Jeffrey. What a great speaker and thought leader.

  • @jamesteh829
    @jamesteh829 Před 11 měsíci

    Great Prof Jeffrey

  • @jackjhmc820
    @jackjhmc820 Před 11 měsíci +5

    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

  • @syedzaryabali8976
    @syedzaryabali8976 Před 11 měsíci

    Very nicely described

  • @ericchen-qo7sf
    @ericchen-qo7sf Před 10 měsíci +1

    Jeffrey Sachs is a good man with no bias.

    • @Rob-fx2dw
      @Rob-fx2dw Před 9 měsíci

      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.

  • @amilaperera1
    @amilaperera1 Před 10 měsíci

    Wow. An Excellent Discussion

  • @AileenSerrantes-ol8qk
    @AileenSerrantes-ol8qk Před 7 měsíci

    Thank you

  • @MR2SHY
    @MR2SHY Před 9 měsíci

    WELL SPOKEN THANXXXX🫡🫡🫡🫡🫡🫡🤠🤠🤠🤠👍👍👍👍👍👍

  • @OxwoodBr-io6id
    @OxwoodBr-io6id Před 11 měsíci

    Good very good points

  • @amostofi1999
    @amostofi1999 Před 11 měsíci +8

    Nobody outside the government inner circle even knows what's going on.

  • @athirameretty6611
    @athirameretty6611 Před 11 měsíci +5

    Good one after long time in CNBC

  • @BigChuneesss
    @BigChuneesss Před 9 měsíci

    More segments please with Mr Sachs

  • @Phlegethon
    @Phlegethon Před 11 měsíci +1

    House prices. Why is it an investment rather than a home

  • @psikeyhackr6914
    @psikeyhackr6914 Před 9 měsíci

    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?

  • @arthurlevin
    @arthurlevin Před 7 měsíci

    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.

  • @StephenSwarner
    @StephenSwarner Před 11 měsíci +3

    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
      @JamesRamos-lz2zt Před 11 měsíci

      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
    @netizencapet Před 10 měsíci

    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
      @Rob-fx2dw Před 9 měsíci

      You are totally wrong - it competely collapsed under communist socialist rule. Why have you ignored that?

  • @rejivarkey3797
    @rejivarkey3797 Před 11 měsíci

    Global challenges and other mentioned factors needed to be adressed now to bring economic stability.

  • @jimkang1618
    @jimkang1618 Před 11 měsíci

    Can we start a move -“Nobel Prize nomination of Jeffrey Sachs”?

    • @Rob-fx2dw
      @Rob-fx2dw Před 9 měsíci

      He has done nothing but promote himself. Get you head out of the sand.

  • @zangarkhan
    @zangarkhan Před 11 měsíci +3

    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
      @silentmajority9162 Před 11 měsíci

      The debt is too much, spending is too much, the law benefit and protecting the rich, the endless war everywhere is eating out US.

  • @ramongabutina8015
    @ramongabutina8015 Před 2 měsíci

    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 .

  • @pastrukwildauer2014
    @pastrukwildauer2014 Před 11 měsíci

    My guy looking like Jason Bateman with a couple of decades to his name

  • @Tristan87688
    @Tristan87688 Před 11 měsíci

    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.

  • @Truthseeker371
    @Truthseeker371 Před 10 měsíci

    It's a damn truthful fact that one part of the world fighting helps the world economy progress.

  • @user-ip5bx1cx6k
    @user-ip5bx1cx6k Před 8 měsíci

    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

  • @mack-uv6gn
    @mack-uv6gn Před 11 měsíci +5

    And we wonder why the homeless problem keeps growing 🤦🏻‍♂️

  • @tonyotag
    @tonyotag Před 11 měsíci

    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.

  • @danielgriffin8132
    @danielgriffin8132 Před 11 měsíci

    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

  • @stanleysiao4646
    @stanleysiao4646 Před 11 měsíci +1

    MEXICO REPLACED CHINA as NUMBER ONE EXPORTER TO USA. Usa GDP JUNE, JULY

  • @XOPOIIIO
    @XOPOIIIO Před 11 měsíci +1

    Okay, GPT-7, how can I earn a lot of money... wow. Okay, GPT-7, how can I avoid taxes... WOW!

  • @jamesmorton7881
    @jamesmorton7881 Před 8 měsíci

    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.

  • @advhimanshupratapsingh
    @advhimanshupratapsingh Před 11 měsíci +2

    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

  • @paulh2468
    @paulh2468 Před 11 měsíci +1

    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
      @Xrey-ek5sh Před 11 měsíci

      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
      @paulh2468 Před 11 měsíci

      @@Xrey-ek5sh I’m not surprised. That happens a lot unfortunately.

  • @triplediff
    @triplediff Před 11 měsíci +1

    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.

  • @sallysally58
    @sallysally58 Před 11 měsíci

    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,

  • @GeorgeChuy
    @GeorgeChuy Před 11 měsíci

    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.

  • @Ayo22210
    @Ayo22210 Před 11 měsíci

    #1 is the Fed

  • @truthaboveall7988
    @truthaboveall7988 Před 11 měsíci

    They say productivity is down for a century look it up

  • @user-se9uk2py5k
    @user-se9uk2py5k Před 11 měsíci +2

    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.

  • @BgmiUDT
    @BgmiUDT Před 11 měsíci

    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.

  • @Jason-sf8vx
    @Jason-sf8vx Před 11 měsíci +1

    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

  • @carloshidalgo92
    @carloshidalgo92 Před 11 měsíci

    that answer on immigration was ODD 10:10 Kind of, out of touch of just straight evasive. Great interview tho. thanks

  • @Henry-teach-Chinese-in-jokes
    @Henry-teach-Chinese-in-jokes Před 11 měsíci

    Every day is an opportunity to make a new happy ending
    I’ve made many videos teaching Chinese in a humorous way.
    About 3000 Chinese characters cover 99% characters in newspapers and books. From my previous videos you can learn more than 400 common characters.
    There are about 120 commonly used Chinese character radicals. From my previous videos, you can learn more than 80 basic radicals.
    I’ve spent about 100,000 hours studying English humor and Western culture, and many years studying Chinese culture and jokes. My native language is Chinese.

  • @triplediff
    @triplediff Před 11 měsíci +1

    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.

  • @SWLinPHX
    @SWLinPHX Před 11 měsíci

    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
      @k.h.6991 Před 11 měsíci

      The main difference is precisely that they have more money than they can reasonably spend.

  • @user-tz1pr1ps2o
    @user-tz1pr1ps2o Před 10 měsíci

    reporter keeps cutting him off whenever he talks about the geopolitical reasons and the need for peace lol

  • @firojmnalam6121
    @firojmnalam6121 Před 10 měsíci +1

    What do you think population?👍👍👍👍👍

  • @user-ne1qw1ru3q
    @user-ne1qw1ru3q Před 11 měsíci

    I can sum up them all Rishi Sunak for the UK

  • @user-ev9to4xx2o
    @user-ev9to4xx2o Před 5 měsíci

    Democracy.destroys😢😢

  • @shaduck06
    @shaduck06 Před 11 měsíci

    DUH Personal checking system

  • @chrisdecato
    @chrisdecato Před 11 měsíci +1

    This kind of critical thinking is what is lacking in the leadership of our country... so mane have given up paying attention!

  • @Sondan1988
    @Sondan1988 Před 11 měsíci +2

    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

  • @gentuxable
    @gentuxable Před 11 měsíci +4

    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
      @bcase5328 Před 11 měsíci

      AI will be more of a threat to a Law Paralegal's job then to a Janitor's job.

    • @gamer-ff6mh
      @gamer-ff6mh Před 11 měsíci

      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
      @gentuxable Před 11 měsíci

      @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.

  • @balakrishnaprabhunallendra999
    @balakrishnaprabhunallendra999 Před 11 měsíci

    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.

  • @cameron00148
    @cameron00148 Před 11 měsíci

    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.....

  • @Darkskindiplo
    @Darkskindiplo Před 11 měsíci

    No way to adapt? Seriously?

  • @jenme4796
    @jenme4796 Před 11 měsíci +1

    He looks skinnier now, he is worried, he is trying so hard to make the message out,

  • @siruitao
    @siruitao Před 11 měsíci +1

    Dr. Walter White!

  • @AbuSous2000PR
    @AbuSous2000PR Před 9 měsíci

    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

  • @TheBenno00
    @TheBenno00 Před 11 měsíci +3

    Sachs geopolitical analysis is a joke
    Ofcourse we shouldn’t resume trade with Ruzzia

  • @oppenheim2
    @oppenheim2 Před 11 měsíci

    CA taxpayers are the winners since AI company and multimillionaire investor profits will be highly taxed and returned to benefit all CA taxpayers. He knows little.

  • @ligbzd837
    @ligbzd837 Před 9 měsíci

    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
      @davd1986 Před 9 měsíci

      How should we punish countries like the United States that invade other countries?

  • @logantassey7327
    @logantassey7327 Před 11 měsíci

    We r all very poor and also very unhappy

    • @jhawk5109
      @jhawk5109 Před 11 měsíci

      But muh capitalism, we ain’t want no commies…
      Said some guy in rural Alabama making 20k a year.

  • @faridjafari6356
    @faridjafari6356 Před 11 měsíci

    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
      @tallest4eva Před 11 měsíci

      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
      @faridjafari6356 Před 11 měsíci

      @@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
      @Xrey-ek5sh Před 11 měsíci

      ⁠​⁠@@faridjafari6356USA legacy has been built on western colonialism and exploitation, your time is up!!

    • @jaifernandez2989
      @jaifernandez2989 Před 11 měsíci

      @@tallest4eva Why can't Africa be convinced about how their standard of living could go up if their population growth decreased?

  • @triplediff
    @triplediff Před 11 měsíci +6

    He manages to respond to imbecilic questions with breadth and depth. Impressive for Mr Sachs, embarrasing for his interviewer.

    • @robertlee8805
      @robertlee8805 Před 11 měsíci

      No. She's asking important questions that needs to be asked to a well knowledgeable economist.

  • @jean-michellambert8769
    @jean-michellambert8769 Před 11 měsíci

    '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.''

  • @algernonis69
    @algernonis69 Před 11 měsíci

    And climate change

  • @Dfgbuiiyyyybb
    @Dfgbuiiyyyybb Před 11 měsíci

    All I hear is rich people will be fine… everyone else you’re on your own.

  • @21millionreasons
    @21millionreasons Před 11 měsíci

    That rug couldnt look any faker if it had a chin strap

  • @MegaStoneTV
    @MegaStoneTV Před 11 měsíci +2

    Saying stop the war likes its an easy fix lol

    • @Xrey-ek5sh
      @Xrey-ek5sh Před 11 měsíci

      Yes you can start by talking and negotiating instead of sending weapons and also maybe not send warships and planes to surround other countries territories, see simple.

    • @LeftWingNationalist
      @LeftWingNationalist Před 11 měsíci

      It is.
      1. Ukraine writes neutrality into their constitution. (NO NATO)
      2. Crimea is recognized as part of Russia. (Its overwhelmingly pro Russian locally, that's what the locals want.)
      3. Zaporizhzhia, Kherson, Donetsk, and Luhansk are all given the choice either individually or separately if they want their Oblast to join Ukraine or Russia in a UN endorsed, OSCE observed referendum.
      Then figure out compromises on small issues like Crimea water, Oil by Crimea, maybe Kaliningrad removes its nukes, maybe American ships cant enter Black Sea, Ukraine joins EU, etc.

  • @antolab
    @antolab Před 10 měsíci

    Well... and the rich get reacher and the poor get poorer. Is that a consequence of climate change too?

  • @ashleyjenny186
    @ashleyjenny186 Před 11 měsíci +15

    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
      @oliviagreg5298 Před 11 měsíci

      You are absolutely right 👍

    • @josephfrys6969
      @josephfrys6969 Před 11 měsíci

      @alicemark5918 True 💯

    • @ningyen1444
      @ningyen1444 Před 11 měsíci

      @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
      @ashleyjenny186 Před 11 měsíci +2

      @@ningyen1444 cryptocurrency investment, but you will need a professional guide on that.

    • @ashleyjenny186
      @ashleyjenny186 Před 11 měsíci +1

      Facebook 👇

  • @myloc9850
    @myloc9850 Před 11 měsíci

    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

  • @jeffc1347
    @jeffc1347 Před 11 měsíci

    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
      @alystero8838 Před 11 měsíci +2

      Giving sovereignty for peace isn't bad. Mexico did cede upper California and new mexico to US when it invaded it.

  • @rgolianeh
    @rgolianeh Před 11 měsíci

    2050 if anyone thinks we will be around by 2050 is a fool.

  • @piku5637
    @piku5637 Před 11 měsíci +7

    A handful of oligarchs (the bourgeoisie) privately owning the means of production, distribution and exchange.

  • @NonsenseChatGPT
    @NonsenseChatGPT Před 11 měsíci +2

    Thanks professor Sachs for speaking out the truth.

  • @jentorninos.ballen9269
    @jentorninos.ballen9269 Před 11 měsíci

    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