dude its bloomberg, not the economist, the reporters are idiots, just like the wsj. They want an answer that is close to what they already know, not someones actual viewpoints.
Because it's more dramatic and exciting. It gives the effect of a thrill and like we're finally getting the answer we so desperately have been seeking! Can't you tell!!? (Lol)
"That will need taxes to raise to pay for the social insurance" The alleged journalist talked over the economist so she couldn't talk more about taxes for paying for social insurance. She showed her class reactionaryism
Not really. It will mean the end of fake industries, big state weight, a rise in the manufacturing sector, less wealth, the end of start up scams , the end of green economy. In a nutshell, the world is going back to the 80's
The taxes will be raised to pay off the QE that paid to keep your stock bubble floated . Expect 30% plus unemployment, people moving out of cities, housing portfolio collapse. As renters cannot pay .
You know what would be interesting? A research study that is more like a competition where a number of groups are assembled, with economists, CEOs, financial analysts, etc. in each, who then come up with their own future scenarios for the global economy and the resulting consumer trends over 1, 5, 10- years periods. And then, the world gets to see how those scenarios fare in real world markets.
shreetron Exactly this! Prediction seems like the best measure of whether you really understand a system. Commentators should be expected to make concrete predictions, so they can be assessed later.
"We have nothing to fear, but fear itself" - I see a lot of frighten people. At least in Germany the flu season of 2017/2018 did cost 20.000 lives - but no one noticed. Now we have 6.000 people that died WITH Covid-19 (NOT FROM IT) and 90% are in panic... If it wouldn't be so tragic, I'd say "This is the greatest social experiment I've ever seen on how to create a mass panic" - The damage done by this panic will dwarf what the virus did.
What made this time different is the lockdown and the effects on people's income. People are fine with death so long as it's happening to people they don't know, likewise unemployment is fine so long as it's not their unemployment.
I object to the interviewer's interruption of the professor's answer. I want to downvote the video because of it. However, the professor has my respect. I shall up-rate this so more people will see and hear her- and witness first hand the reporter's unacceptable interruption.
So the difference will be companies will ask for taxpayers money to allegedly re-shore the supply chain through automation thereby reducing employment overall... The sooner we mitigate this with UBI, the better.
As i have found with most of the Economists around the world, she is only offers commentary On what we already know and what is already happening & really has know idea of what will happen.
The only way out of this is to have more production at home not overseas. The ideology of Urbanisation, Outsourcing and Globalisation has failed miserably.
One of those structural changes is the way in which we manage our sociopolitical or economic affairs or requests for goods or services. As a society or people we are still relying on the financial supply chain or linear system to manage our requests for anything from accessing food to building a new house. The pandemic is showing us that the financial supply chain or linear system, can't scale to serve all human requests, all of the time. That makes sense, because the financial supply chain is actually a service or business (constant) and not a request or customer (aggregate). A better way to manage "human" requests is to delegate the responsibility for managing or aggregating the request to a computer or Turing machine, and let people or businesses be the service or constant in the system. For example, if a person was hungry and isolated at home with the Corona virus, they could register with the website (computer) and create a request for some food. A food store owner could register as a service in the system and subscribe to the request and ask the person what food they wanted? The food store owner could gather the food from their store and scale the request by creating a sub-request for a healthcare worker to help with the delivery of the food. The healthcare worker could scale the request again, for a delivery service and accompany the delivery service and be the person that actually delivers the food to the infected person. In the above example, the website (computer) is scaling or delegating the responsibility of managing the request to four different people, business or supply chains. The civilian, food, healthcare and logistics supply chain. This type of system is circular and not linear because there is no longer a single supply chain managing the request. !DA eleutherios.org.nz
When Mrs. Shafik says "Much of the global supply chains will be changed, it will be localized". How much? 1%, 5%, 50%? What is "much". I doubt we go back to a local economy à la anno 1650. So how much will be localized? I find this argument has so little substance I am shocked it is repeated here by an academic without any detail at all.
meathead919 Projections are wide-ranging at the moment because previously reported timelines before the pandemic are no longer useful. Prior to the pandemic, McKinsey reported that we’re going to see 2/3 of jobs in the developing world reshored to high income countries by 2030. Most studies said the same thing between 2030 and 2045. In the context of the pandemic, a popular recent statement is that we are undergoing 10 years of change in 10 weeks. Professional Economists like Dr. Shafik are human too; we’re all trying to grapple with the speculative intelligence that we have at the moment. Nobody has hard numbers for you because we’re in the middle of a hurricane right now. You can expect to be spoon-fed information that isn’t coming, or you can do the footwork and look at the numbers yourself. I recommend reading Andrew Yang‘s book, “The War on Normal People” and imagining his outlook compressed into a year. His book covers this topic at length - along with the underlying dynamics of why it’s taking place - and proposes politically feasible, economically sound, non-ideological solutions to prepare our economy for the future.
Hang on - "Worried about deflation because of what's happened on the supply side"? Besides oil, supply has been cut so overall this would be inflationary in addition to a mountain of money printing - You know, more money chasing fewer goods.
There will be a huge amount of money destroyed by bankruptcies, that will create deflationary pressures and new money must be created to replace that. The question is how that should be done. Should we be rescuing companies or should we deliver the money directly to the citizens?
Minouche is right, this shock will lead to a tectonic shift in the global economy, the psychology of markets will transform into something we have never witnessed in all the after-maths happened before. And I believe a more paternalistic policy making approach may take shape.
So some people are sitting at home on full wages they are mostly teachers politicans managers on the right side of society and then there are those on welfare who had a business or worked in the private sector. Thats the inequality. That has to change going forward. Afterall they pay taxes to keep the insiders on full wages forever,.
The teachers are teaching online and trying their best to teach students. Many of my neighbours (employed by private companies, organizations, or government) are working from home and put in a full day. One is a secretary for a bank. Due to band width restrictions, she works from 6 am to 9 am and then from 5 pm to 10 pm.
Do this economists go shopping? Here in Belgium, shops opened yesterday. Huge piles of good lie waiting for customers who are too afraid to come out of their houses. No more tourism, airplanes, luxury goods, cars, .. for years to come. The idea that everyone goes back to normal once things open up is a fantasy. GDP is halving in 2020, I don’t see how this does not end in chaos. More concrete: electricity goes down because of negative prices, the internet goes down because of over-use. Our civilisation has simply come to its end
The UK sadly is going to be the last major economy to come out of the mess. In the global financial crisis of 2007 to 2011 The UK was the last advanced economy to emerge from recession in Early 2010. People have short memories.
Just paid cap one off , closed my account and gave my card to the dog. Living in Wales and just stopped buying. So many others have too. Time for Great Britain to start making and growing food in our own country.😷
@@ifukill7538 I don't think that's the thing. It's just that instead of buying artificially high EU prices, and paying subsidies for the privilege, you'll be buying the best deal you can find in the entire world.
The U.S. debt clock is over $24 trillion, and climbing. This debt will burden future generations, and they will despise us for the way we handled this virus with endless bailouts, stimulus and free stuff. Enough.
October 2019 I looked at the global debt clock minus trillions..... Spinning numbers.....became a prepper. Paid off debt...growing food plants.... Everyone around me buying toilet rolls....like Venezuela is about to hit , the titanic is about to sink . people are like...the Titanic is unsinkable, I want sport back, I miss my soaps 😱😷😄
Wow, that reporter is really uncomfortable when the message isn't 'make the rich richer', isn't she? I mean 'do we *really* understand the unintended consequences' of the rich not getting richer, guys?
I’m no economist, but I feel like this recession will be very different from previous ones. It’s not like 2008 when we suddenly realised everything was overvalued and hoarded resources in a panic. And it’s not like a war where the productive capacity is decimated. The skills are still there. The capital is still there. It’s just idle. Everyone’s bored, and keen to get out again. So I predict the recovery may be quicker than before.
thats not how economies work, thats like saying youll bounce back from knee surgery because your leg hasnt forgotten to walk. You can switch an economy off but the longer it stay off, the longer it will take to get back to previous levels, same goes for unemployment. First of all consumer confidence & spending is shot and will be affected in the long term, ppl that have lost their jobs and businesses wont be going to restaurants and going on holidays like they were pre lockdown. To top it off household debt is highest its been in decades, things are going to be tough for a long time post lockdown covid world
Andy Brice, what about the supply chains that are not just broken but shattered? An automobile produced by Volkswagen (for eg.) has parts and raw materials coming in from so many parts of the world. The parts-making factory in Malaysia (again, for instance) received raw materials from many parts of the world. The Malaysian factory is not sending parts to Germany because they haven't received any raw materials. Germany can't make the car because it is not getting the right parts. Eventually, since people are creative and flexible, they will figure out alternatives for the old ways of doing things. But it is not going to happen immediately; it is not going to happen within a short or medium term. I give it two years or more for this to happen. And I have the strong feeling that I am being a little too optimistic!
Shafik blondie 👱♀️ wants happy talks ... what are u doing - stop that LSE talk ..... when are we going back to credit cards and home loans .... spill ... make us happy baby 👶
3 trillion could have gone directly into peoples bank accounts..thats 9000$ per us citizen..it would lead to runaway inflation, which would erode the value of past debt- and lead to higher and more normal interest rates.... Instead the fed buys bonds ..that just keeps the status qou going
I think the opposite will happen. I believe more in the Sweden model of letting it pass and there will be herd immunity. After this we will be back to normal where people will travel, cruise, fly, and meet face to face although the mid level to low level knowledge workers will stay in the bounds of digital. In a year or two this will be in our memory! America # 1.
Sweden has a population similar to London yet is twice the size in land area. Cant draw comparisons. That being said, even with their population per sqm advantage their numbers are rising.
😄 just stopped laughing. Countries are not exporting their food. Farmers cannot sell crops/milk/animals and they can't keep them. The economy is dead. Etc etc we will be Venezuela soon.😷😱 oh yeah the ATM's near where I live are empty most of the time. 🎢 buckle up....
What is the logic behind predicting ultra-low interest rates to persist in the EU, UK, and USA? I do not see the rationale for this.....unless the cause is massive continued increases in the money supply.
People have to buy to keep the economy going. I just paid off my cap one, closed my account and gave my card to the dog. I own my own house, car, etc... No debt ... They know at the top that if interest rises people will stop buying and economy is gone. News flash ...economy is dead.😱😷
Sadly, her response (I won't call it prediction since it's so generic) offers no new insights or thought provoking ideas....more of a light touch on what most news outlets have already reported time and time again. I expected more from her and LSE
Late capitalism is a failed dying system. There is no addressing the crises and contradictions of globalized capitalism, just as Marx said. Socialism or barbarism: you choose.
The stilted, reified language these people use is just nauseating. The speak like tools of some third party, not human beings concerned about the welfare of human beings.
They have no idea what is going on. What growth ? UK has nothing to sell, since the BREXIT announcement nothing had been changed to redesign Commonwealth Trading Model, adjust education system, build science centres, labs and redesign fiscal policy to support innovation, long term capital and know-how allocated into longevity genomics, GRIN tech,MedTech, super semi conductors etc.
Ronald Evans For a CEO to paint a grim picture might reflect his incompetence at managing a company under crisis, so CEOs tend to present a rosy picture. Also, they have to do so to retain/attract investors both present and future.
Great Britains news is pathetic. They tell people nothing just months of toilet rolls and clapping for NHS... Venezuela is about to hit and the british are watching rubbish.
Big government with high taxes and massive social programs make the problems MUCH worse. Slash the taxes and regulations and let people grow the capital base of economic growth. That is what raises the standards of living for everyone. Increased access to greater economic outcomes is thru a free society with lowest friction channels to capital assets. Big government 3rd factor interference fails at that, private face to face 2 factor coordination is vastly superior at that.
"Corporate taxes" is how governments hide the true cost of government FROM the working class. Delusion is not being aware of that and supporting socialist that raises taxes on "corporations", lol , which is YOU. Corp tax is a stealth tax on working man. Wake up.
What a shitty and misleading title. One staff member even if the director does not equate to the institution as a whole. Unless by that logic Trump is representative of all Americans?
lol world war for what? the claim of land days are over. if you want resources, it much easier and faster to trade for it. You act like war is just a press of a button like Stalin pointing finger on a map. get out of the soviet movie world. War needs preparation and most importantly legitimacy. There needs to be lots of speeches on why a country needs to go to war against another. There needs to be alot of people that needs to be convinced when no enemies have set foot on your land. And whats to gain after the war? the math needs to be there. Wars can't be called off once it starts, do you have the ability to maintain a prolonged war? how are you going to manage the logistics? And national view on the war once it goes against your initial plan?
Why Bloomberg reporters always interrupt their subjects when the interesting answer is being said?
dude its bloomberg, not the economist, the reporters are idiots, just like the wsj. They want an answer that is close to what they already know, not someones actual viewpoints.
Because it's more dramatic and exciting. It gives the effect of a thrill and like we're finally getting the answer we so desperately have been seeking! Can't you tell!!? (Lol)
because bloomberg fake news agenda is more important and reporters are smarter than the person they interview.
vbr20 the economist also had ccp propaganda and sucked
because the reporter is not active listening.. they are just reading the prepared questions beforehand and they dont know how to respond properly
"That will need taxes to raise to pay for the social insurance"
The alleged journalist talked over the economist so she couldn't talk more about taxes for paying for social insurance.
She showed her class reactionaryism
Note the big "Capital" book on her shelf... cleary a sign
books.google.com/books/about/Capital_in_the_Twenty_First_Century.html?id=T8zuAgAAQBAJ&printsec=frontcover&source=kp_read_button
Interest rates near zero. Look at economies that have had this. Huge debt loads and aging demigraphic.recipe for a long Stagnation.
Radnally , there are lots of countries that are dependent on trade , bad demographics and weak currencies. The U.S. is not one of them.
Not really. It will mean the end of fake industries, big state weight, a rise in the manufacturing sector, less wealth, the end of start up scams , the end of green economy.
In a nutshell, the world is going back to the 80's
no, not at all
Why do you think the UK + USA has loads of immigration and will continue to do so.
Don't mention taxes, guys. Especially not for the rich!
The taxes will be raised to pay off the QE that paid to keep your stock bubble floated . Expect 30% plus unemployment, people moving out of cities, housing portfolio collapse. As renters cannot pay .
You know what would be interesting? A research study that is more like a competition where a number of groups are assembled, with economists, CEOs, financial analysts, etc. in each, who then come up with their own future scenarios for the global economy and the resulting consumer trends over 1, 5, 10- years periods. And then, the world gets to see how those scenarios fare in real world markets.
shreetron Exactly this! Prediction seems like the best measure of whether you really understand a system. Commentators should be expected to make concrete predictions, so they can be assessed later.
"We have nothing to fear, but fear itself" - I see a lot of frighten people. At least in Germany the flu season of 2017/2018 did cost 20.000 lives - but no one noticed. Now we have 6.000 people that died WITH Covid-19 (NOT FROM IT) and 90% are in panic... If it wouldn't be so tragic, I'd say "This is the greatest social experiment I've ever seen on how to create a mass panic" - The damage done by this panic will dwarf what the virus did.
What made this time different is the lockdown and the effects on people's income. People are fine with death so long as it's happening to people they don't know, likewise unemployment is fine so long as it's not their unemployment.
I object to the interviewer's interruption of the professor's answer. I want to downvote the video because of it.
However, the professor has my respect. I shall up-rate this so more people will see and hear her- and witness first hand the reporter's unacceptable interruption.
So the difference will be companies will ask for taxpayers money to allegedly re-shore the supply chain through automation thereby reducing employment overall... The sooner we mitigate this with UBI, the better.
As i have found with most of the Economists around the world, she is only offers commentary
On what we already know and what is already happening & really has know idea of what will happen.
nobody knows what's really going to happen.
I know and can see it clearly
Interesting interviewee, don’t know if we need the interviewer.
The questioner hasn’t a notion.....not a clue!!!
You realise most journalists get jobs through family connections
The only way out of this is to have more production at home not overseas. The ideology of Urbanisation, Outsourcing and Globalisation has failed miserably.
The only thing holding back those ideas is human stupidity and narrow tribal mindsets.
You may have a point there. We were so focussed on efficiency that we sacrificed resilience.
I suspect Automation arriving on a massive scale. That is the only compromise between keeping jobs at home and keeping prices low.
One of those structural changes is the way in which we manage our sociopolitical or economic affairs or requests for goods or services.
As a society or people we are still relying on the financial supply chain or linear system to manage our requests for anything from accessing food to building a new house.
The pandemic is showing us that the financial supply chain or linear system, can't scale to serve all human requests, all of the time.
That makes sense, because the financial supply chain is actually a service or business (constant) and not a request or customer (aggregate).
A better way to manage "human" requests is to delegate the responsibility for managing or aggregating the request to a computer or Turing machine, and let people or businesses be the service or constant in the system.
For example, if a person was hungry and isolated at home with the Corona virus, they could register with the website (computer) and create a request for some food. A food store owner could register as a service in the system and subscribe to the request and ask the person what food they wanted? The food store owner could gather the food from their store and scale the request by creating a sub-request for a healthcare worker to help with the delivery of the food. The healthcare worker could scale the request again, for a delivery service and accompany the delivery service and be the person that actually delivers the food to the infected person.
In the above example, the website (computer) is scaling or delegating the responsibility of managing the request to four different people, business or supply chains. The civilian, food, healthcare and logistics supply chain.
This type of system is circular and not linear because there is no longer a single supply chain managing the request.
!DA
eleutherios.org.nz
It seems like every country for themselves now......
We have done enough globalisation. Localisation is the new thing because it keeps your neighbours income coming in.
Total US deaths just surpassed Vietnam in two months, isn't it obvious what will happen if when they ease restrictions? 🤷🏻♂️
When Mrs. Shafik says "Much of the global supply chains will be changed, it will be localized". How much? 1%, 5%, 50%? What is "much". I doubt we go back to a local economy à la anno 1650. So how much will be localized? I find this argument has so little substance I am shocked it is repeated here by an academic without any detail at all.
meathead919 Projections are wide-ranging at the moment because previously reported timelines before the pandemic are no longer useful. Prior to the pandemic, McKinsey reported that we’re going to see 2/3 of jobs in the developing world reshored to high income countries by 2030. Most studies said the same thing between 2030 and 2045. In the context of the pandemic, a popular recent statement is that we are undergoing 10 years of change in 10 weeks.
Professional Economists like Dr. Shafik are human too; we’re all trying to grapple with the speculative intelligence that we have at the moment. Nobody has hard numbers for you because we’re in the middle of a hurricane right now. You can expect to be spoon-fed information that isn’t coming, or you can do the footwork and look at the numbers yourself.
I recommend reading Andrew Yang‘s book, “The War on Normal People” and imagining his outlook compressed into a year. His book covers this topic at length - along with the underlying dynamics of why it’s taking place - and proposes politically feasible, economically sound, non-ideological solutions to prepare our economy for the future.
Hang on - "Worried about deflation because of what's happened on the supply side"? Besides oil, supply has been cut so overall this would be inflationary in addition to a mountain of money printing - You know, more money chasing fewer goods.
There will be a huge amount of money destroyed by bankruptcies, that will create deflationary pressures and new money must be created to replace that. The question is how that should be done. Should we be rescuing companies or should we deliver the money directly to the citizens?
Minouche is right, this shock will lead to a tectonic shift in the global economy, the psychology of markets will transform into something we have never witnessed in all the after-maths happened before. And I believe a more paternalistic policy making approach may take shape.
So some people are sitting at home on full wages they are mostly teachers politicans managers on the right side of society and then there are those on welfare who had a business or worked in the private sector. Thats the inequality. That has to change going forward. Afterall they pay taxes to keep the insiders on full wages forever,.
you forgot to mention the tax break mitch mcconnel snuck into the stimulus legislation for millionaires.
The teachers are teaching online and trying their best to teach students. Many of my neighbours (employed by private companies, organizations, or government) are working from home and put in a full day. One is a secretary for a bank. Due to band width restrictions, she works from 6 am to 9 am and then from 5 pm to 10 pm.
Do this economists go shopping? Here in Belgium, shops opened yesterday. Huge piles of good lie waiting for customers who are too afraid to come out of their houses. No more tourism, airplanes, luxury goods, cars, .. for years to come. The idea that everyone goes back to normal once things open up is a fantasy. GDP is halving in 2020, I don’t see how this does not end in chaos. More concrete: electricity goes down because of negative prices, the internet goes down because of over-use. Our civilisation has simply come to its end
The UK sadly is going to be the last major economy to come out of the mess. In the global financial crisis of 2007 to 2011 The UK was the last advanced economy to emerge from recession in Early 2010. People have short memories.
Just paid cap one off , closed my account and gave my card to the dog. Living in Wales and just stopped buying. So many others have too. Time for Great Britain to start making and growing food in our own country.😷
@@ifukill7538 I don't think that's the thing. It's just that instead of buying artificially high EU prices, and paying subsidies for the privilege, you'll be buying the best deal you can find in the entire world.
Not necessarily.
The UK government through its policy of Austerity caused 8 years of sluggish growth
The speaker is just amazing! Thanks!
UK trade tariffs with Chinese ?
I agree. Soon as higher taxes are mentioned interviewer cuts off Ms. Shafik.
The U.S. debt clock is over $24 trillion, and climbing. This debt will burden future generations, and they will despise us for the way we handled this virus with endless bailouts, stimulus and free stuff. Enough.
October 2019 I looked at the global debt clock minus trillions..... Spinning numbers.....became a prepper. Paid off debt...growing food plants.... Everyone around me buying toilet rolls....like Venezuela is about to hit , the titanic is about to sink . people are like...the Titanic is unsinkable, I want sport back, I miss my soaps 😱😷😄
oh my. not a great interviewer.
Is UK going to allow Chinese investment ?
Probably too desperate to do otherwise. Only reason UK won't is if USA + EU puts massive pressure.
Wow, that reporter is really uncomfortable when the message isn't 'make the rich richer', isn't she? I mean 'do we *really* understand the unintended consequences' of the rich not getting richer, guys?
I’m no economist, but I feel like this recession will be very different from previous ones.
It’s not like 2008 when we suddenly realised everything was overvalued and hoarded resources in a panic.
And it’s not like a war where the productive capacity is decimated.
The skills are still there. The capital is still there. It’s just idle. Everyone’s bored, and keen to get out again.
So I predict the recovery may be quicker than before.
thats not how economies work, thats like saying youll bounce back from knee surgery because your leg hasnt forgotten to walk. You can switch an economy off but the longer it stay off, the longer it will take to get back to previous levels, same goes for unemployment. First of all consumer confidence & spending is shot and will be affected in the long term, ppl that have lost their jobs and businesses wont be going to restaurants and going on holidays like they were pre lockdown. To top it off household debt is highest its been in decades, things are going to be tough for a long time post lockdown covid world
Andy Brice, what about the supply chains that are not just broken but shattered? An automobile produced by Volkswagen (for eg.) has parts and raw materials coming in from so many parts of the world. The parts-making factory in Malaysia (again, for instance) received raw materials from many parts of the world. The Malaysian factory is not sending parts to Germany because they haven't received any raw materials. Germany can't make the car because it is not getting the right parts.
Eventually, since people are creative and flexible, they will figure out alternatives for the old ways of doing things. But it is not going to happen immediately; it is not going to happen within a short or medium term. I give it two years or more for this to happen. And I have the strong feeling that I am being a little too optimistic!
Shafik blondie 👱♀️ wants happy talks ... what are u doing - stop that LSE talk ..... when are we going back to credit cards and home loans .... spill ... make us happy baby 👶
3 trillion could have gone directly into peoples bank accounts..thats 9000$ per us citizen..it would lead to runaway inflation, which would erode the value of past debt- and lead to higher and more normal interest rates....
Instead the fed buys bonds ..that just keeps the status qou going
I think the opposite will happen. I believe more in the Sweden model of letting it pass and there will be herd immunity. After this we will be back to normal where people will travel, cruise, fly, and meet face to face although the mid level to low level knowledge workers will stay in the bounds of digital. In a year or two this will be in our memory! America # 1.
I'm not even sure if the Swedish believe in the Swedish model currently. 🤷🏻♂️
That almost sounds like a Lifetime Channel Movie..
Sweden has a population similar to London yet is twice the size in land area. Cant draw comparisons. That being said, even with their population per sqm advantage their numbers are rising.
😄 just stopped laughing. Countries are not exporting their food. Farmers cannot sell crops/milk/animals and they can't keep them. The economy is dead. Etc etc we will be Venezuela soon.😷😱 oh yeah the ATM's near where I live are empty most of the time. 🎢 buckle up....
What is the logic behind predicting ultra-low interest rates to persist in the EU, UK, and USA? I do not see the rationale for this.....unless the cause is massive continued increases in the money supply.
People have to buy to keep the economy going. I just paid off my cap one, closed my account and gave my card to the dog. I own my own house, car, etc... No debt ... They know at the top that if interest rises people will stop buying and economy is gone. News flash ...economy is dead.😱😷
No savings? No safety net? I bet they have new iPhones, go out to eat and probably a car payment.
okthennone welcome to US of A.
What is the interviewer trying to do..
Minouche, please focus on fixing this terrible university.
Nothing like saying that interest will be 0 for a relly long time to mess up a reporter...she nearly lost the voice
Sadly, her response (I won't call it prediction since it's so generic) offers no new insights or thought provoking ideas....more of a light touch on what most news outlets have already reported time and time again. I expected more from her and LSE
Exactly! I was expecting depth insight than just general ideas
Finally! I don’t hear clicking!!!
Late capitalism is a failed dying system. There is no addressing the crises and contradictions of globalized capitalism, just as Marx said. Socialism or barbarism: you choose.
The stilted, reified language these people use is just nauseating. The speak like tools of some third party, not human beings concerned about the welfare of human beings.
Just do the math: Socialism has cost 100 Million lives. How does Covid-19 (or any triggered "capitalist" economic crisis) compare to that?
They have no idea what is going on. What growth ? UK has nothing to sell, since the BREXIT announcement nothing had been changed to redesign Commonwealth Trading Model, adjust education system, build science centres, labs and redesign fiscal policy to support innovation, long term capital and know-how allocated into longevity genomics, GRIN tech,MedTech, super semi conductors etc.
She's much less optimistic than the CEOs on here
CEOs are cheerleaders. Investors are bookies.
Ronald Evans For a CEO to paint a grim picture might reflect his incompetence at managing a company under crisis, so CEOs tend to present a rosy picture. Also, they have to do so to retain/attract investors both present and future.
If this is the crap that’s taught across the pond, the UK is in huge trouble. Just like us in the U.S of A.
Great Britains news is pathetic. They tell people nothing just months of toilet rolls and clapping for NHS... Venezuela is about to hit and the british are watching rubbish.
Pretty dead on picture btw
Big government with high taxes and massive social programs make the problems MUCH worse. Slash the taxes and regulations and let people grow the capital base of economic growth. That is what raises the standards of living for everyone. Increased access to greater economic outcomes is thru a free society with lowest friction channels to capital assets. Big government 3rd factor interference fails at that, private face to face 2 factor coordination is vastly superior at that.
Delusional! Giving corporations tax breaks is the problem. You cannot ride an economy on the backs of the working class. #reality
This rick guy sounds like a real jerk
"Corporations" dont pay taxes, only people do.
"Corporate taxes" is how governments hide the true cost of government FROM the working class. Delusion is not being aware of that and supporting socialist that raises taxes on "corporations", lol , which is YOU. Corp tax is a stealth tax on working man. Wake up.
UK LOCKDOWN may end by September 1, 2020.
What a shitty and misleading title. One staff member even if the director does not equate to the institution as a whole. Unless by that logic Trump is representative of all Americans?
DePressIon
Blonde please lest guest finish. Bloomberg host are becoming line CNN crap
these people did not even see the 2008 bubble coming, they are completely clueless
Ww3 will happen
lol world war for what? the claim of land days are over. if you want resources, it much easier and faster to trade for it. You act like war is just a press of a button like Stalin pointing finger on a map. get out of the soviet movie world. War needs preparation and most importantly legitimacy. There needs to be lots of speeches on why a country needs to go to war against another. There needs to be alot of people that needs to be convinced when no enemies have set foot on your land. And whats to gain after the war? the math needs to be there. Wars can't be called off once it starts, do you have the ability to maintain a prolonged war? how are you going to manage the logistics? And national view on the war once it goes against your initial plan?
Worthless information that can't be leveraged off.
Can someone please tell this Brit normalacy isn’t a real word 😂
It is the noun, it is our language...
Painfully bad interviewer.
She does not represent LSE view whatsoever but loose idea of her own
Clueless!