Panmure House is the final remaining home of Adam Smith, philosopher and 'father of modern economics'. Today the house is a centre of excellence for the study of contemporary economics, a place of reflection on the legacy of Adam Smith, and a venue for social and economic debate. Our mission is to provide world-influencing social and economic debate and research, convening in the name of Adam Smith to effect positive change and forge global, future-focussed networks.
All subtitles on the videos on this channel have been automatically generated by RU-vid and may be at times, incorrect.
No 'BAU'? 'Most' 'economic thinking' is 'short run' and 'redundant'? 'It' ignores the 'supply side'? 'Growth' {and 'civilisation'} depends upon 'cheap' F.F. - those so called 'halcyon days' are 'over'. ?
Someone said that for the opening 20 years of this century, the US had been fighting and not winning, while China had been winning and not fighting. The US would do better to learn from China. They may have something to teach you.
This guy wants the EU to provide worldwide governance for all business. This man is out of his freaking mind. He cherry picks Novo-Nordisk as an example of his dreams working, when what really worked for NVO is coming out with a blockbuster drug - whose “detriments” remain to be seen if we are being realistic. Why is Panmure House giving a world government advocate a platform? You should be trying to protect the world from people who think like this.
Summary: US can't compete fairly with China, so US resorts to "Yellow Peril" fear mongering & national security to drive unfair policy - how sad that US has lost it's way.
the overcapacity narrative does not make sense when our global carbon goals requires 550MW of new energy every year and we only did like 450MW last year. so how does the west square the target and the claim of overcapacity? are we abandoning the climate target? I feel the west has to explain how it is "overcapacity", especially when watching bloomberg and other US fiancial news, its clear that while profitability in renewable are declining in China, it is still profitable and the conclusion seem to be company merger seem to be the path forward which would create even more competitive product from China, so it really doesn't look like overcapacity yet, there is still room to absorb or close down underperforming players, so I feel they can push the price even slower. and honestly US putting tarriff on China isn't really going to affect relation or balance of economy much since the majority of chinese trade is not with US anyway. tarriff is more of a domestic policy for the US then a foreign policy. US abandonment of TPP and other FTA basically surrenders the global market to China. like in Singapore, we use not see any chinese cars because the tax in singapore is incredibly high so we go for quality cars like german or japanese car historically, but this year, you can see chinese EV running all around town in Singapore. so the Chinese they have market outside of US. and worst they have no competition from EU and US because the west is focus on protectionism than competition. the strategic move by China to allow Tesla to establish itself in China to force Chinese EV companies to become world class is just a chad move. where years ago Singapore buyer would mock at the "plastic" cars of China, today those cars has better build quality than Audis. lastly, I am surprise US even use tarriff, given that US literally ban Huawei, why don't US just ban Chinese EV and their parts? to me, the tarriff seem to be driven by domestic election politic, than any meaningful economic development policy. US "conflict" with China feel rather skin deep, it like how wife would bitch about her husband and try to spend on his credit card as revenge but still doesn't divorce him because she realise it still better than being single. the whole idea of decoupling is dead.
news flash! prc is being managed better than any other nation now, perhaps ever. and in other news, usa is collapsing, due to obsolete structure and simple greed.
If the US is able to fix its 10 percent of domestic problems, such as inequality, crimes, drug, education, etc. instead of being stuck in hegemonic foreign policy, it still has a chance to remain competitive.
we have now 40 years of experience with how China operates. They did not liberalize as the dreamers hoped they would - instead Xi is more Maoist than ever. To continue to make the same strategic mistake is nothing short of suicidal.
For the last 40 the mean PPP (personal purchasing power) in China has increased by 400% while in the US it has been flat. If you consider that 50 years ago, China’s level of development was comparable to Haiti’s, China is the biggest success story in the economic history of the world.
"Our prosperity has been based on cheap energy coming from Russia. Russian gas - cheap and supposedly affordable, secure, and stable. It has been proved not [to be] the case. And the access to the big China market, for exports and imports, for technological transfers, for investments, for having cheap goods. I think that the Chinese workers with their low salaries have done much better and much more to contain inflation than all the Central Banks together. So, our prosperity was based on China and Russia - energy and market. Clearly, today, we have to find new ways for energy from inside the European Union, as much as we can, because we should not change one dependency for another...Josep Borrell" EU Ambassadors Annual Conference 2022
“Inverted totalitarianism, unlike classical totalitarianism, does not revolve around a demagogue or charismatic leader. It finds expression in the anonymity of the Corporate State. It purports to cherish democracy, patriotism, and the Constitution while manipulating internal levers.” ― Chris Hedges , Empire of Illusion: The End of Literacy and the Triumph of Spectacle
You are either purposely lying or extremely naïve, the climate crisis has been debunked by thousands of academics, scientists, and journalists many former believers and current democrats, it has always been a bs cover to take away wealth and opportunities from the poor and enrich our leaders
Hi @AdamSmithsPanmureHous.I have been following you for a while & see your RU-vid content is very unique. But you didn't grow this platform .You need a perfect SEO & also video promotion. When you cover this then you can grow this platform. Have a good day!
In the 1950s and 60s when the US was a major exporter of goods free trade was gold. Any country that didn't open its door to the US goods risked being investigated and sanctioned. Now protectionism is needed when Chinese EVs are out competing the US and EU cars. "Of cause we won't let them in." What a libertarian you are. Ferguson and the host are both idealogues who advocate the dominance of Western civilization over other civilizations. This kind of thinking which is basically racist is prevalent among Western scholars. Of cause no one openly talks about it. BTW, by "institutions" what are you referring to, Mr. Ferguson? When the host said South Korea can export K Pop because it's a democracy, I couldn't help but laughed. Not only is the host an idealogue, but one that is platitude spewing.
1:08:52 "My belief is that all problems of the sort that I am describing are not culturally specific, they are not specific to race, religion or for that matter geography they are just about institutions... ." -Niall Ferguson, UATX.
Ferguson is miles behind on China. China is now repeating itself and the gap is reopening. President XI shows capitalism can only go so far without institutional liberty. China is now collapsing as an economy. They are a long way from the Enlightenment. The Anglosphere is also under so much state influence that our economies are also stagnating (but China is going full on Maoism). Capitalism only goes so far without Anglospheric institutions. Further, given how well I know China, whoever makes the calculations for PPP needs sacking. Plenty of the USA is poor, but China has hundreds of millions still in abject poverty. The two are incomparable. As always, I suspect, figures are compiled by Left-wing institutions with an agenda. Wages are being halved in China. 956 million people (Shanghai University) now earning £2,500/$3,400 a year or less - a YEAR not month. The economy is disappearing. They aren't very innovative. Without Western investment, faux property market, manufacturing exports, they can't function. The conditions in China are appalling. Few are picking up on how bad it is.
New World Order appears on the Reverse of the Great Seal of the United States as "Novus Ordo Seclorum". It referred to the NEW government of sovereignty in the People, rather than kings, which was the Old Order in most of the world in 1789.
Much as I enjoy listening to Niall Ferguson, he loses me when he talks of climate and CO2. If he were to take the time to look into it I think he would be astounded at the evil intent and persistence of the Great Lie about climate and CO2.
Agreed. Global warming is a minor problem that is not due to arrive until 2100, and will be solved by the shrinking of world population without any other action.
Yep. The climate religion is basically ruling class virtue signaling and distracting the labor class from that truly matters. Adam Smith would have railed against this skulduggery.
Ferguson conveniently side-steps the devastating consequences of the coups and violence, that paved the way for Milton Friedman, and his "free-marketism" that wrecked Argentina in the '70s. HE was the first guy with the chainsaw. Crushing austerity, removal of any social programs and Western terror of Communism has crippled their economy to this day. Milei represents the return of the Chicago school theory of the day.
Actually that is RU-vid's doing. It has to target any discussion with Woke propaganda. If it were honest, it would state that the UN IPCC has found there is NO climate cause of hurricanes, droughts or wildfires, and sea level rise is in the noise of changes from tides and normal storm surges.
I guess I don't understand the distinction of the institutions that need to change. I'm not sure I care what the institutions call themselves but I do care what rules they establish and enforce. There is a referee in both football and rugby, but the difference between the games is dictated by the rules and their enforcement - not whether they have a referee or not. Surely it's the rules we have to amend? Of course, the starting position of a society has a big impact on the games that will work (availability of energy, natural resources, low cost labour and their availability, an innovative class, a market for products etc). Why do we never have an exploration into the options of the rules we could adopt?
Because we are afraid at our core, for we must die and we know it. It is really just a matter of balls in my humble opinion, whatever the matter. Good to see someone is out there strifing to ask the right questions ;P
