4 • 1.2K Ratings
🗓️ 27 November 2022
⏱️ 17 minutes
🧾️ Download transcript
Is capitalism a good thing? Journalist Katherine Mangu-Ward makes the case that "weirdos" left alone to innovate and explore far-out ideas in a free market system are our best hope for the future. She asks us to reconsider our qualms about capitalism, failure and corporate death, analyzing the recent history of General Motors and Facebook to illustrate why we're better off with a lot less government intervention. After the talk, our host Modupe Akinola introduces an organization that encourages 'weird' ideas -- and shares insights on their unique process.
Click on a timestamp to play from that location
0:00.0 | Ted Audio Collective |
0:07.3 | When was the last time you had a zany idea at work? |
0:12.1 | Something truly out of the box that you were nervous to say out loud and when you did, |
0:17.2 | your boss or your colleagues looked at you like, are you okay? |
0:22.2 | Whatever it was that made your idea seem bizarre to some, when shined under a different light, |
0:28.4 | you'd be viewed by others as creative. |
0:31.7 | And we all know that creativity often leads to innovation. |
0:36.6 | That's how some of our greatest leaps for humankind have happened. |
0:40.5 | Think airplanes, the internet, life-saving medicines, even things like the air fryer. |
0:47.9 | But how often do these zany and creative ideas get dismissed? |
0:53.6 | Was it rejected because the idea itself is new and different? |
0:58.4 | Or it's the person the idea came from who's new and different. |
1:03.5 | There also might be structural reasons why ideas never come to fruition, like there isn't |
1:09.4 | even a good process for generating them. |
1:12.6 | Not to mention, is it possible that the biggest roadblock could be how often government |
1:18.8 | gets in the way of innovators who want to solve big problems? |
1:28.3 | I'm Madu Paganola, this is Ted Business. |
1:31.9 | Our speaker today is Catherine Mangu Ward, journalist and editor-in-chief of Reason, a |
1:38.0 | Libertarian Monthly Magazine. |
1:41.1 | In this talk, Catherine asks us to consider if capitalism is a good thing and makes the |
1:47.0 | case that our best hope for the future is to allow people to explore their weird ideas |
1:53.5 | in a free market system. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from TED, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of TED and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.