The Economic Megathreats That the World Has No Answers To | Economics Explained with Dr. Roubini

The first two threat definitely happening. Globalization is based off the US and it’s done. And money gonna dry up soon because of demographics

|What if globalization happens and everyone in the World learns English and how to operate AI and gets most of the remote jobs in US?

I find these statistics misleading, particularly the use of per capita income, when a ridiculously large portion of global income is centered on the Uber rich this throws that number out the window.

I usually like your posts, but the inference that i am seeing increased wealth does not feel true. Hola from the States.

"Climate change" wouldn't be a burden to deal with if the losers in power would address it in a realistic way instead of making up random rules like banning pizza ovens in NYC or mandating electric vehicles without understanding the supply chain (and associated pollution) of producing them.

would the population pyramid inversion be another megathreat?

All these years.....usa wasted trillions tax payers money to fund israel ukraine and wars.....

Imagines if usa is a true GOOD peoples, im sure theres no homeless in america.....instead wasted trillions for wars, better give it to every single person in usa....americans would easily get usd5000 each months

Your accent is insufferable.

The best thing to do about false alarms is to not set them to up to be false in the first place with targeted funding for research and business driven by the non-sequiturs of fearmongers.

When you say that that we’ve gone from a trillion dollar world economy in 1960 to a 100 trillion dollar world economy today, is that in constant dollars?
Certainly I remember 1960 and when I first went to Europe in 1971, we were constantly amused by the homemade urinals we encountered everywhere. By the late 70s Europe had upgraded all their bathroom fixtures.

The average of the global econmy if averaged should alwasy be the average of each country. On a scale of 0-10 it should be a 5 by dfinition!

I have published many climate papers in my time. I can assure you, that no amount of political posturing will result in any positive outcomes. The only genuine way to get everyone onboard is with new technology. Unfortunately, this has always been the case. You are not going to sell people that they should sacrifice their dreams to 'save the planet' while they are starving lol. Its a very privileged position to expect others to comply, when you are not the one taking the brunt of it.

BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.

You would get a divorce lawyer to write wedding vows... but we probably should.

"there are other countries in the world other than the USA"

Ha, that's what we want you to think. America owns the world. You're just self governing resource stockpiles until we need you.

So Dr. Nouriel Roubini is actually Anthony Hopkins?

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

Dr Nouriel Roubini: The trend to end globalisation will make everybody poorer. He says.
Hm. Apart form your bosses and paymasters, we can't actually get any poorer.
I speak from Africa. Those countries that are well-managed and prosperous and have the ethics to apply their resources to benefit the population, are first besmirched with pearl-clutching horror stories about what vile people are running the country, then self-righteously destabilised, hit with sanctions packages to ruin the country's prosperity and finally regime-changed. Puppet regime installed - and all the country's wealth flows into the pockets of one or two capitalists in Europe and America.

You can't have confidence that high, it's like saying an ETF with Junk bonds is better then an ETF with good bonds cuz of diversity, that would be True for the EU, USMCA, or maybe even BRICS but not for the world as a whole, bad stocks bring the whole ETF down

If you want me on board for “globalization is good,” explain to me how all unskilled labor is not priced the same through the lens of currency exchange discrepancies. That seems like some shenanigans forced on us to make globalization more profitable.

Saudi Arabia (oil, timber)
I'm sorry, what?

I can predict the future: in 24 hours, it will be tomorrow. Was I correct?

The arguments related to de-globalization are frustratingly weak from many different angles. Two examples here: Just-in-time is an extremely vulnerable system to begin with and globalization hasn't made 'everyone' better off--it's made multinational businesses and their shareholders much better off (corporate margin, dividend, and share buyback growth bears this out very plainly) while inflation-adjusted wages (especially lower and middle income earners) have remained largely unchanged.

Yes. We need to pay attention to these issues.

Climate Emergency is a scam. I thought you were more intelligent than to stoop to this authoritarian narrative.

I’ll never get why cost of living rising more then gdp dosent affect gdp per cap

Speaking of Paul Krugman who thought the internet wouldn't be so impactful, he also railed against the FairTax which is a national retail sales tax meant to replace all forms of tax so that we have fair collection on consumption rather than labor. Krugman can't seem to understand that existing tax policy hurts the poor and is regressive and how a NRST is not regressive but actually that poor people don't buy luxury cars and boats and houses and much of anything at all. A national retail sales tax in lieu of labor taxes (hint, the reason billionaires don't have much income tax liability is because we tax labor, not wealth and consumption in the USA) is one prong of the answer to making our societies free and fair.

Also, if growing economies are prevented from using fossil fuels, they'll just migrate to developed countries where they can get the benefits of decarbonization

Carbon capture is CO2 positive as long as one fossil fuel plant is working

Im offended that you think we Americans dont know geographics and other nations. Of course, we do, how elese will we know which direction and optimal direction to invade from

Anyone who can unironically use fun and economics in a sentence deserves a thumbs up! 😁

7/10 for 50% growth?!

lol Hawaii who?

…..Wait America is NOT the center of the universe????? Since when

I live in an advanced western economy. Your assessment of a "golden age of economic prosperity" just looks at raw numbers on spreadsheets and is entirely divorced from reality. My city has an ever-increasing number of pensioners and retirees living in their vehicles, and at 40 years old I have had to find a roommate to make ends meet. At the end of the month, it is common to have to choose between the food bank or going hungry. I have a good job and make above the median wage for my area. Give your head a shake.

IMO, The end of globalization raises the risk of war among countries.

Ngl the title in combination with the channel really goes hard and made me click it the second time

No ones going to say anything about the four countries higher on the scoreboard than the entire Earth of which they form a part of? LOL

No the UK doesn't have inflation because of Brexit. There's high inflation right across Europe and the UK isn't even close to being in the top. Canada and the US have high inflation and they aren't even in the EU.

This kind of nonsense makes me question how these people can even call themselves professors.

Just in time is a classic example of efficiency versus risk ratio. It works wonderfully ... until it doesn't. So YBGIBG (You'll be gone, I'll be gone) economics favors supply side economics while impacting demand side economics. Thank you Milton Friedman.

Advancement in economics has turned into. "How can we leach off of productive people, without breaking the current laws and going to prison for a very long time."

Always interesting, thank you.

Hmm, as you say no one can predict the future especially economists. His growth prediction post Brexit is completely wrong as in 2022 uk grew by 4.3% whilst the EU grew by 3.4%. If he gets that so wrong why listen anything he says!

Just in time is not the best method of production, it is an extreme theory of production which as your video on extreme economic theories showed, extremes rarely are the best option. Take your own advice. Resilience of availability has a subjective value, again, refer back to previous video. This is why economists are advisers not leaders, it takes real people to add reality to theories.

The threat posed by climate change is in fact much greater than the threat of downscaling emissions more than another country.
Put simply: If global crop failures lead to mass starvation, food will so expensive that people won't bother buying any luxury goods.

Politicians and big parts of the population know that.
The politicians aren't afraid of pissing off the voters but pissing off the big companies since they have more power.