Lawrence Summers: ' We All Have a Stake'

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Uploaded by on Nov 16, 2010

WASHINGTON, Nov. 8, 2010 - Director of the White House National Economic Council Lawrence Summers argues "we all have a very great stake" in the global economic re-balancing.




Source: http://asiasociety.org/business-economics/economic-trends/growing-together-be...

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  • You're a criminal Summers! The people are coming for you..

  • Actually China has implemented a program to identify and elevate its most talented students. Funny how a socialist nation relies that ideas do not originate from the bank vault. Just as Bill Gates when his idea to launch a software company came, before or after he was a millionaire. 

  • Wow Obama told the Chinese to spread the wealth around too - haha

  • this man IS part of the problem

  • Stiglitz's book on the late '90s Asian Economic Crisis, by the way, revealed that within the Clinton White House which Stiglitz also worked in, it was Summers who pushed hardest against Asian countries successfully steering their way out of the crisis through a combination of government and private sector actions. He wanted Asian countries weakened, indebted, kept opened to uncontrolled foreign speculators who had caused the crisis. In America too, he looks out for everyone... who is super-rich.

  • Suggestion for those seeking sound explanations of the world economy: Paul Krugman and Joseph Stiglitz. Suggestion for those seeking brilliant economists who actually concern themselves with the well-being of ordinary people in Asia or in America: Amartya Sen. All those guys won Nobel Prizes, too, unlike Mr. Summers, who just is very smart about promoting himself and exploiting others.

  • So I subbed Asia Society to see videos about Asian cross-cultural events or interviews with influential or inspiring Asians, such as artists, entrepreneurs or activists, and now you give me this smarmy (and very un-Asian) hack economist, whose evil I can only try to escape on YouTube since he along with Geithner and Bush's people and all their friends on Wall Street, over recent decades already "rebalanced" our economy toward the trade deficit postindustrial hell it's in right now. Unsubscribed.

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