Name: 【TED】Tim Jackson: An economic reality check (Tim Jackson: An economic reality check)
Uploaded: 2017-09-15T05:02:55.000Z
Duration: 24 min 32 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

I want to talk to you today about prosperity,

who are still chronically undernourished.

And hope actually is at the heart of this.

in accordance with our hopes and expectations.

almost literally in terms of money and economic growth.

running down resources, cutting down rainforests,

of carbon emissions over the last two to three decades

We can't live with it; we can't live without it.

it's a tough choice; it isn't much of a choice.

And our best avenue of escape from this actually

in our own cleverness and technology and efficiency

Now I haven't got anything against efficiency.

And I think we are a clever species sometimes.

But I think we should also just check the numbers,

and we'll give them that two percent hike in income, in salary each year as well,

how far and how fast would be have to move?

How much technology would we need in this world

on the left-hand side is where we are now.

This is the carbon intensity of economic growth

we have to be right over here at the right-hand side

than anything we've ever achieved in industrial history.

Maybe we can do it, maybe it's possible -- who knows?

and get an economy that pulls carbon out of the atmosphere,

which is what we're going to need to be doing

So I want to just spend a couple of minutes on system dynamics.

It's a bit complex, and I apologize for that.

What I'll try and do, is I'll try and paraphrase it

Firms produce goods for households -- that's us --

and that's even better, because we can spend those incomes

That's called the circular flow of the economy.

I just want to highlight one key feature of this system,

only about a fifth of the national income

is to stimulate further consumption growth.

which drives down prices and encourages us to buy more stuff.

the production and consumption of novelty.

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【TED】Tim Jackson: An economic reality check (Tim Jackson: An economic reality check)

stuff

anxiety

absolutely

material