Christian Long

Geoff Mulgan: Post-Crash Investing in a Better World

In TED Talks on May 20, 2010 at 10:50 pm

Reflection by DANIEL L.

Original TED page w/ speaker bio, links, comments, etc:

Geoff Mulgan:  Post-Crash Investing in a Better World

Growing up in a society where the economy is at a down point, it makes me kind of worry about being able to get a job. After all I am a teenager and its starting to get to the point where I need to start working. So this is kind of hard knowing that there aren’t very many jobs out there. Also the thought that its hard for even adults to get jobs is difficult to think about too. There will be a million unemployed young people in America by the end of the year. That is an incredible statistic.

Geoff Mulgan talks about how to get out of the crisis and what we should look out for. First off Geoff Mulgan talks about learning things through experience. Yeah I know we’re in terrible economic times but we’re also figuring out what works and what doesnt work. For me though I feel that there are always going to be bad economic times, and also good economic times. Its a cycle, and what matters is, is how you learn and how you grow from the mistakes that are being made in society today. Geoff Mulgan made a great quote when saying ” And I think one of the lessons of history is that even the deepest crises can be moments of opportunity.” This relates back to what I said about how we learn from mistakes and that the mistakes bring ideas into the mainstream, which lead to much needed accelaration of reforms.

Whats interesting is in these bad economic times, people are starting to get more interested in health care then in cars and education. If all these things are happening right now, whats the economy going to be like in 5 or 10 years? Are we ever going to actually learn how to maintain a good economy? Should we go back to what we were doing a couple of years ago or should why try something totally different? I guess we have to keep learning things through experience.

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