What Is Wrong With Globalization? | Economics for People with Ha-Joon Chang

Across the world we’re seeing governments and popular movements come to power that are opposed to globalization. Why? In this third lecture in INET’s “Economics For People” series, Ha-Joon Chang explains the backlash to globalization.

About “Economics for People”:

“It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.” – Ha-Joon Chang

Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.

In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.

[Butlinsgvn]

Ha-Joon Chang is such an engaging and interesting speaker, I love his dry sense of humour

[kevinmahoney]

"Once you begin to think that this is some irresistible force of nature, then you basically lose control of your destiny."

This is at the core of it!

[queenstrategy]

I didn't even know quality education like this existed anymore

[jaytso]

What's wrong is the inequitable distribution of wealth in societies.
The gross imbalance between profits to the corporations/richs and wages to the majority working population.
Only a minuscule portion of the immense wealth generated globally had trickled down from corporations to the general population.

[lephtovermeet]

This dude wrote the definitive laymen's intro to all of economics: The Users Guide. Love this guy!

[PDDYWCK]

Ha Joon-Chang was referenced quite a bit in many of my college papers. I was so thrilled to see these videos! I watched all of the lectures in two days.

Chang is a brilliant heterodox economist with little interest in ideology. What he says in proof that the history of economic thought and international political economy are essential for economic competence.

[socialistsolidarity]

The current economic model is broken. You can't have never-ending growth without impacting the environment. When will people realize this! We ought to think of a circular economy where we don't waste, over-consume and exploit workers.

[karabomabote]

I'm just glad there are economists that see people beyond representing data points.

[queenstrategy]

Amazing professor, I wish my college had professors even half as good as him

[DaveE]

I recomend a video based on this “move into investment baking” concept of full mobility he keeps talking about. Its called “the financial curse” it shows how finance is good to an extent but after a point it actually lowers our wealth and extracts it from us. It’s a lobby we need to take on.

[scoutjohnson]

It’s good to hear from Ha Joon Chang again.

[ARSHADKHAN-sblj]

sometimes you learn a lot in a short time like this one and sometimes it takes too long to learn simple things. I think it needs hard work and luck to find such content.

[SouthernCom]

What an excellent lecture. Beautifully and logically put together and easy to follow. Kudos!

[Juliapak]

fascinating analysis of a very complex issue

[sakshamsharma]

This is a video by an amazing professor who explains the negative side of globalization.

[ricardoarevalo]

I honestly think these people knew what they were doing, they're not stupid, so that was their plan.How do you explain that after all the income inequality don't change.

[Tactical_DZ]

Great point mentioning how inequality has been broadened by the same powers that state they are working on resolving inequality. It's a game being played with absurd amounts of money.

[davidmcculloch]

Such an enlightened man with a great message that exposes the political rhetoric and bullshit we suffer.

[nimeteserozgur]

Bu adama bayılıyorum çok tatlısın valla. Ufkumu açtınız umarım bir gün sizi canlı dinleyebilirim.

[kamerondonaldson]

because expending finite resources needed for survival and prosperity on these undeveloped nations that are outside our jurisdiction while we ourselves have underdeveloped territories that are slipping backwards into primitivism, poverty, and death due to not being constantly carried by the people who do have jurisdiction over them... that is a dangerous gamble with people's lives that is not guaranteed to be reciprocated by the foreign nations you are gambling on.