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. If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas: 🤍ted.com/membership Follow TED! Twitter: 🤍twitter.com/TEDTalks Instagram: 🤍🤍instagram.com/ted Facebook: 🤍facebook.com/TED LinkedIn: 🤍🤍linkedin.com/company/ted-conferences TikTok: 🤍🤍tiktok.com/🤍tedtoks The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to our channel for videos on Technology, Entertainment and Design — plus science, business, global issues, the arts and more. Visit 🤍TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more. Watch more: 🤍go.ted.com/katherinemanguward 🤍youtu.be/9XGm_uHit5g TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with our TED Talks Usage Policy (🤍🤍ted.com/about/our-organization/our-policies-terms/ted-talks-usage-policy). For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at 🤍media-requests.ted.com #TED #TEDTalks
Capialism built middle class , the government crooks taking more out of private sector shrunk it globally , middle class beter off in Usa than Australia
Hard times create capitalists.
Capitalists create good times.
Good times create socialists.
Socialists create hard times.
Garbage arguments with lots of tendentious assumptions behind them.
Not much substance for either for or against capitalism
Q nivel tan bajo esta mostrando ted
Elon Musk is indeed a strange duck capitalism, according to reports 'Musk's companies — Tesla Motors, SpaceX, and SolarCity — have received billions of dollars from government loans, contracts, tax credits, and subsidies.', thus, practices akin to state capitalism mixed with preferential treatment, as opposed to individualist independent capitalism. As much as I am in favour of capitalism, it should also be noted that it is science which is the means of the enormous success of capitalism, and ultimately science relies on the freedoms which we owe to classical liberalism.
Did she seriously call cryptocurrency cool??? Its literally aweful for the environment and needs to stop
Governments giving preferential treatment to corporations is not something that governments get up to of their own accord - it's due to corporations lobbying and bribing and funding their ex-CEOs running for office. This is an aberration, yes, but an aberration in capitalism, not an aberration in government. The correct response is to tell corporations to stay out of government, not to tell government to stay out of the market.
Government regulation of the market is NECESSARY to harness the poweful positive effects of markets that she lists. Anti-monopoly laws, environmental protection, consumer rights, laws against lying on the packaging, requiring ingredients to be listed etc etc are examples of government regulation of the markets that are necessary to prevent the otherwise looming negative side effects of markets (negative externalities, pollution, carcinogenic but cheaper ingredients, flat-out lying, etc).
So she is right that markets When Harnessed Correctly are a powerful force for improvement, yes! But wrong that what we need is government not interfering in the market. What we need is the corporations not interfering in government.
The problem here is the word capitalism itself. It reminds me of so many words that have been used to generate a concept that easily misguides people from a more fundamental understanding of how we organize and interact with others and the surrounding, our decisions and our condition.
Great talk, agree with everything she said. Just 1 minor correction life expectancy was that low in 1820 because of child mortality, not because most died below the age of 30.
Yeah innovation is great we know that you need money to do large scale good but it's 100% double edged and lopsided and it doesn't stop inequality so no I won't placate the rich they have enough already btw I don't even want to BE RICH hate when people assume everyone wants to be rich all I want and need is to be able to afford a nutritious diet, housing, electricity and internet—there are free activities in cities now, anyway
Yeah innovation is great we know that you need money to do large scale good but it's 100% double edged and lopsided and it doesn't stop inequality so no I won't placate the rich they have enough already btw I don't even want to BE RICH hate when people assume everyone wants to be rich all I want and need is to be able to afford a balanced diet, shelter, electricity and internet—there are so many free activities in cities now anyway
This presentation flies square in the face of empirical economic facts. Government is largely responsible for a) the functioning of said market (which otherwise would be an monopolistic nightmare), b) for many of the innovations currently dominating our (tech) lives (Internet, GPS, LCDs, even CPUs and much more), c) many examples of fixing obvious market failures (e.g. negative externalities that extra-local/ future people have to pay for, and d) has actually created markets with competition where capitalist markets would not (like e.g. natural monopolies such as water pipes, broadband, electricity etc. Ignoring just these examples makes the presentation blissfully ignorant at best, and more likely, frankly dangerously ideological agnorant. Not helpful at all in making the world a better place. Oh, and GM was bailed out not for its cars, but for the production of military vehicles for the US government. Annoying when those pesky little facts get in the way of ideology, huh?!
Libertarianism is not real. It's just a spectrum of delusional people's capitalist Utopia. Someone want zero regulations, some want just a little bit, and most cannot even grasp what policy even is.
Let Us Understand Elon Musk
What I take from this is we need more real capitalism and not 'crony' capitalism. Let the companies fight it out. And let government just referee and ensure the playing field is level. No more bail outs and protections just because you have lobbyists or extra bank form being old and there first.
Let the best hustler win.
I am all for that all day!
And so who do you think owns your “ government” why its all the rich kids …..who says never do anything that will make me a little bit less rich