What capitalism gets right -- and governments get wrong | Katherine Mangu-Ward

TED Talks Daily

TED

Creativity, Ted Podcast, Ted Talks Daily, Business, Design, Inspiration, Society & Culture, Science, Technology, Education, Tech Demo, Ted Talks, Ted, Entertainment, Tedtalks

4.1 • 11.9K Ratings

🗓️ 2 September 2022

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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.

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Ted Talks Daily, I'm Elise Hume.
0:07.5	For better or for worse, capitalism and a faith in free markets has pretty much won out
0:12.2	as the system and ideology governing much of the world.
0:15.7	And Libertarian journalist Catherine Bengue Ward says, it's all for the better.
0:20.0	In her talk from Ted 2022, she explains why she believes the engine of the market is
0:24.6	great and the governments are the problem.
0:54.6	I was a first knowledge worker who had his job threatened by a computer.
1:24.6	I'm Catherine and I like capitalism a lot.
1:45.8	But in my 20 years as a libertarian journalist, I have started to pick up that some people
1:51.0	aren't as fond of capitalism as I am.
1:55.1	That's fine.
1:56.1	But here's the thing.
1:57.7	I think a lot of the stuff that you think you hate about capitalism is actually stuff
2:04.6	to hate about government.
2:11.1	Before we get started, I want to sing you a little song.
2:14.9	And you've probably heard it before.
2:16.2	So feel free to sing along if you like.
2:18.3	Don't worry, I'm not actually going to sing.
2:21.3	That's fine.
2:23.3	200 years ago in 1820, the global rate of absolute poverty, which is defined imperfectly as living
2:31.0	on less than $1.90 a day, was 84%.
2:37.0	That's enormous.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.