7.21.2018

Geoff Mulgan : Post-crash, investing in a better world


Geoff Mulgan at TEDGlobal 2009
Post-crash, investing in a better world  (transcript)
Summary
I don't like thinking about a profit by reselling stocks.
It's important, though, l have a question. Is it a fair business? 1)
It's true to prosper rapidly, though, it can't be said that it links important resources and money to people who compellingly need them. 2)
There are entrepreneurs who took too much money, thus their companies are going into bankruptcy. 3)
A company Fixing the future means that there are companies that are suffered with damages 4) and there is an enormous amount of money that is our taxes to help. 5)

In 2007,  the subprime mortgage problem was bigger.
in 2008,  it led to a financial crisis after the Lehman Brothers investment bank went bankrupt.
This TED talk seemed to be told in 2009 which was after those big problems.
Somehow, an economy is said to be slowly improving if something that is a big problem occurs. That seemed to be correct and the stock prices were recovered now in 2017.  However, I can't think that people could choose the better. Just other people use money to meet the world's expectations, so business will be expectations.  Personal consumption and unemployment weren't recovered.

In Japan, in 2011, the Great East Japan Earthquake occurred and the Japanese economy has become really severe.
In 2014, consumption tax was raised to 8 percent, thus personal consumption is decreasing, there is no job but there is an aging population problem in Japan.

Even now, the stock prices are being recovered.
The world business will just repeat while being a very narrow idea and thinking that only yourself is okay or saved.

Words in this story
Competitiveness
capitalism /noun/ economic system based on competition between businesses.
monarchy /noun/ kingdom. rule by a hereditary sovereign.form of government with a monarch at its head. monarchical state

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