https://www.youtube.com/watch?v=S7hB6LEyW68
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“What Happens When Other Countries Have the Money”
Stephen S. Cohen, Professor in the Graduate School, University of California, Berkeley
Conversations host Harry Kreisler welcomes Professor Stephen S. Cohen for a discussion of the new book he has written with Professor Brad Delong entitled The End of Influence. Professor Cohen argues that the 2008 economic collapse demonstrates the failure both domestically and internationally of neo-liberal economic policies embraced by both democrats and republicans during the last three decades. Neoliberalism assumed that an unfettered market and a fettered government are the best route to prosperity. These policies increased economic inequality and led to the bloating of the financial sector. The policies also led to unbalanced trade and the transfer of dollars to sovereign funds in many of the emerging powers especially China. The future course of the sovereign funds will be a key determinant in whether centers of innovation develop in these emerging powers which control enormous reserves in dollars. In conclusion, Cohen raises a second key question: will the US redefine its reluctance to embrace greater government involvement in the economy once the crisis has past and the U.S. confronts challenges emanating from states with enormous assets in their sovereign funds. Ironically, neoliberal policies intended to limit government intrusion in the market has hastened the increased involvement of government in many emerging countries and led to the redistribution of power in the international system.
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Note from ZennieReport.com, Zennie62 YouTube, and ZennieReport.com: this ZennieReport video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018. This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. This is what we call “The Third Wave of Media”.
The uploaded video is from a vlogger with the Zennie62 on YouTube Partner Channel, then uploaded to and formatted automatically at the ZennieReport.com Blog site and Zennie62Media -created and owned social media pages. The overall objective is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours. Now, news is reported with a smartphone: no heavy and expensive cameras or even a laptop are necessary, thus less chance for ZennieReport.com, Zennie62 YouTube vloggers to be robbed.
The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.