3.19 & 20 - The Global Divide 1 (Commanding Heights Sample)

Commanding Heights: The Battle for the World Economy

NARRATOR: Globalization did not cause global poverty, but it did make us more aware of it. And by creating a single global market, it raised the question of how that market benefits the world's poorest nations.

DANIEL YERGIN: We are seeing around the world a movement towards greater reliance on markets, greater confidence in markets. But for that confidence to last it has to be seen that these markets are fair, that they are delivering the benefits widely, that people are benefiting from them. And if they don't have that kind of legitimacy, then the confidence is not going to remain, and the markets will be vulnerable to disruption and be replaced by other kinds of controls. So every day the market has to earn and prove its legitimacy, and that's a big test, particularly in the developing world, where the number-one issue, the central preoccupational concern, is the issue of poverty, and delivering the goods means lifting people out of poverty. And that more than anything else is what these markets would be judged by.

JEFFREY SACHS: Professor of Economics, Harvard University: The world is more unequal than at any time in world history. There's a basic reason for that, which is that 200 years ago everybody was poor. A relatively small part of the world achieved what the economists call a modern economic growth. Those countries represent only about one-sixth of humanity, and five-sixths of humanity is what we call the developing world. It's the vast majority of the world. The gap can be 100-1, maybe a gap of $30,000 per person and $300 per person. And that's absolutely astounding to be on the same planet and to have that extreme variation in material well being.

Watch all of Commanding Heights at PBS.org

http://www.pbs.org/wgbh/commandingheights/hi/story/index.html

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[TijoKJose]

The first part of the series talks about Ludwig Von Mises.

[pbhello]

having a fraudulent money system is undermining global capitalism. i think we need a totaly open money system, no more Feds. no more money based on nothing.

[BigDaddyDJD]

that voice? Is it David Ogden Stiers? I think he must be a libertarian because He was in the anti income tax movie Harry's War, AND he narratted the pbs documentary "The life and ideas of milton freidman".. I always loved him as Winchester on M*A*S*H* but now i think im even mroe of a fan!!!

[babapoopoo]

it doesn't happen @ the grassroots. Modern countries are broke. that's why they each have a central bank and has a SSN.  People in modern society are collateral merchandise and robots working for profit. You belong to your corporation(country) and are expected to pay taxes to pay for the debt your country owes to your country's central bank. Welcome to the matrix. Believe in your own authority, not what the government tells you.

[ohdaysoo]

"You step on somebody's territory and somebody comes up and says 'get off my territory' whether there's a law or no law."

That is so true.

[Questfortruth86]

Yes but Austrians actually believe what they preach.

[billyysands]

income disparity relative deprivation it has to be dealt with..and what about venezuala and it socialist oil economy?

[billyysands]

go to the pbs website its above

[whatsoeverja]

pardon, where can i find the "commending hights" episode 3 and 6? besides, i got one question: after 90th, the globalization is strengthened, what problems have caused between money and products?

[shanklinmike]

They all preach minimal government......

[davidmesaaz]

Mises once said to Milton Friedman and others at the Mt Pelegrin conference "you all are a bunch of socialists..." and walked out of the room. Jackson32 like mises is the same way...