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Unidentified Speaker, -
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| 00:00:12 |
Unidentified Speaker, -
Host: ALAN BEATTIE DIVIDEND IT JOURNALIST AND ECONOMIST AND HISTORIAN AS WELL HAS WRITTEN A FASCINATING BOOK COVERING AT EVERYTHING FROM ANCIENT EGYPT...
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| 00:00:59 |
Host, -
THAT ARE COMMON IN TODAY AND ANCIENT EGYPT AND EVEN ANCIENT ROME AND IT IS A FASCINATING BOOK. THE TITLE OF THE BOOK, AT "FALSE ECONOMY" THAT PUZZLES...
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| 00:01:46 |
Guest, -
AND OTHERS DESTINED TO BE POOR. I CALL THAT THE FALSE ECONOMY OF THOUGHT. BUT AS WITH OTHER PROBLEMS WHEN YOU TRY TO EXPLAIN WHERE THINGS ARE AT THE...
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| 00:02:35 |
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AMERICANS AND ASKS THE QUESTION I THINK PROBABLY HAS OCCURRED TO LOT OF PEOPLE IN THIS COUNTRY, WHY DID WE TURN OUT SO DIFFERENT FROM SOUTH AMERICA?...
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| 00:03:51 |
Guest, -
FROM THE BEGINNING THE WAY IN WHICH IT DEVELOPED AND SETTLED ITS FRONTIER WAS VERY DIFFERENT FROM THE U.S. THEY HAVE THESE BIG FOR TOW GRASSLANDS BUT...
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| 00:07:22 |
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THE UNITED STATES CERTAINLY HAD TROUBLE, BUT ULTIMATELY OVER A TROUBLED PERIOD MADE THE RIGHT DECISIONS AS FAR AS ADJUSTMENTS AND ITS ECONOMY, ADJUSTMENTS...
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| 00:09:35 |
Guest, -
TO IRRITATES AND HOW TO DO WITH THEIR REGULAR FLOODS AND TURN INTO WELT ORDERED AND A STABLE THAT ALL THE PEOPLE COULD BUILD THE PYRAMIDS AND INDEED...
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| 00:12:50 |
Host, -
THROUGH THE AT SAME TYPE OF CONDITIONS IT SEEMS LIKE WATER IS GETTING TO BE AND WILL BE AN IMPORTANT ISSUE AS TIME GOES ON AS THE POPULATION GROWS...
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| 00:13:43 |
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JORDAN AND ISRAEL AND SYRIA IN THE 1950'S YET IT JUST HAS NOT HAPPENED IN THE MIDDLE EAST. ONE OF THE REASONS IS COUNTRIES HAVE INCREASINGLY LOOKED...
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| 00:17:13 |
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THE LOCATION OR WERE THERE SOME DEVELOPMENTS THAT WORKED OUT BADLY FOR THE FUTURE? I GET THE IMPRESSION THE CRISIS ENDED MOSTLY BECAUSE OF THE CRASH...
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| 00:18:25 |
Unidentified Speaker, -
IS THROUGH PRICES COUNTRIES LIKE THE PHILIPPINES AND INDIA AT THE SAME TIME THEY WERE CUTTING THEIR OWN IMMEDIATE BARRIERS TO FREE TRADE WERE ARGUING...
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| 00:22:29 |
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MEAT COUNTERS BECAUSE THEY HADN'T USED ALL OF THESE TAXES ON EXPORTS AND SO THE FARMERS WENT ON STRIKE CAN SIMPLY WILL NOT HAVE THE END COMES SO AT...
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| 00:23:15 |
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OF THAT RELIGION MAY OR MAY NOT HAVE COME I THINK A LOT OF PEOPLE DO TEND TO THINK THAT RELIGION PLAYS AN IMPORTANT ROLE IN OUR ECONOMY OR HOW WE END...
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| 00:25:00 |
Guest, -
THE INVADE I GIVE THE FALSE IDEAS SOMEBODY SAID IT IS AS MUCH AS WHAT SOMEBODY WILL PAY FOR ITS AND ECONOMISTS SET LIMITS ON INTEREST RATES AND ON PRICES....
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| 00:28:25 |
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Host: WELCOME AGAIN TO BOOKTV AFTER WORDS. ALAN BEATTIE, YOU REACH INTERESTING AND AMUSING CONCLUSIONS ABOUT THE INFLUENCE OF CORRUPTION ON THE WORLD...
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| 00:29:38 |
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IN DIA, TANZANIA, INDONESIA AND THE SURPRISING CONCLUSION I FOUND IS THAT CORRUPTION GENERALLY IS NOT A GREAT THING FOR AN ECONOMY BUT IN THIS SOME...
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| 00:30:24 |
Guest, -
FIND INTERESTING, STOCK COUNTRIES HAVE BEEN DROPPED AT SOME TIME IN THEIR HISTORY BRITAIN UNBELIEVABLY 18th CENTURY ENGLISH POLITICS EVER BY THE NEW...
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| 00:34:03 |
Unidentified Speaker, -
THERE IS ONLY ONE PARTY TO BRIBE YOU MAY HAVE TO HAVE ONE GUY. [LAUGHTER] FOR INDIA AND INDIAN POLITICS IT HAS SPLINTERED INTO A DYSFUNCTIONAL SYSTEM...
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| 00:35:14 |
Host, -
SEEMS LIKE AN ARCANE QUOTE BUT YET SEEM SO IMPORTANT IS THE DEVELOPMENT OF THE CONTAINER THE STANDARD CONTAINER THEIR RHODES SHIPS AND SAME SIZE CONTAINERS...
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| 00:36:21 |
Unidentified Speaker, -
IN RETROSPECT IT IS SO BLINDINGLY OBVIOUS THAT IT TOOK A DECADE OR MORE ACTUALLY TO GET IT ADOPTED BECAUSE THE SHIPPING COMPANIES COME UP WITH THEIR...
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| 00:38:42 |
Unidentified Speaker, -
BOARD IS ONE OF THE FEW GOOD THINGS OF THE VIETNAM WAR AROUND THE WORLD SO CERTAINLY THE U.S. PLAYED A CRITICAL ROLE. >>
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| 00:38:54 |
Unidentified Speaker, -
Host: TEEEIGHTEEN
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| 00:38:55 |
Guest, -
HAS TREMENDOUS KNOWLEDGEABLE HISTORY OF THE KNOWLEDGE AROUND THE WORLD AND I THINK WE'RE IN ONE OF THE MOST DIFFICULT ECONOMIC TIMES IN OUR LIFETIME...
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| 00:39:15 |
Host, -
APPLY IT TO CIRCUMSTANCES. HOW ARE WE DOING AS FAR AS OUR RESPONSE TO THIS DEEP FINANCIAL CRISIS AND ECONOMIC DOWNTURN? >> SOME COUNTRIES ARE DOING...
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| 00:39:48 |
Unidentified Speaker, -
THE 1970'S OR IN GERMANY'S CASE THE '80S WITH THE EDIFICATION AND THEY STILL HAVE THIS OBSESSION WITH THE SOUND MONEY AND KEEPING DEBT LOAD AND SO FORTH....
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| 00:40:42 |
Unidentified Speaker, -
WHO WAS INVOLVED IN THE G20 PROCESS THIS IS LIKE A BAR FIGHT THAT YOU WAIT UNTIL IT BREAKS OUT THEN YOU TAKE A SWING AT THE GUY YOU WANT TO DO IT DOES...
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| 00:43:05 |
Host, -
BILL PASSED SO FAST THAT IF YOU BLINKED YOU MISSED IT. BUT WE ARE STRUGGLING TO GET IN PLACE A SYSTEM OF GOVERNMENT INTERVENTION PROGRAMS TO FACE THE...
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| 00:44:13 |
Guest, -
BECAUSE ALTHOUGH THAT MAY BE COMFORTING IN THE SHORT-TERM SHORT-TERM, I THINK IF IT LEADS US TO A SENSE WILL NEVER PUT ANY MORE MONEY INTO THE FINANCIAL...
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| 00:45:25 |
Host, -
THE UNITED STATES TO FINANCE OUR NATIONAL DEBT AND A TRADE DEFICIT. A BIG PART OF OUR RESPONSE HAS TO GO DEEPER INTO DEBT AND THAT MAKES A LOT OF PEOPLE...
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| 00:46:37 |
Guest, -
THE ECONOMY COULD BE IN A RECESSION 10 OR 15 YEARS YES YOU'LL HAVE A SLIGHTLY SMALLER DEFICITS BUT LONGER AND THE LONG TERM. BUT THIS IS WHEN COUNTRIES...
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| 00:48:18 |
Host, -
RICH OR POOR AND THE FUTURE AND PARTICULARLY IN THE U.S. WE HAVE BEEN SUCCESSFUL AT NEGOTIATING CRISIS IN THE PAST AND MAKING THE ADJUSTMENTS THAT...
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| 00:49:27 |
Guest, -
GETTING INVOLVED IN RISKY ASSETS THAT THEY DON'T UNDERSTAND AND THEY HOPE THE GOVERNMENT WILL BAIL THEM OUT. I AM NOT QUITE SURE WE NEED TO GO BACK...
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| 00:51:28 |
Host, -
OF DEPENDING ON AMERICAN CONSUMERS TO PULL GLOBAL AMOUNT WHICH MAY END UP HAPPENING. THE IDEA TO TRY TO GET THE REST OF THE WORLD TO HAVE MORE BALANCE....
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| 00:53:06 |
Guest, -
THEIR OWN CURRENCY THERE IS AS MUCH OF A PUSH AND PULL AND ONE OF THAT U.S. STOPPED SO MUCH AS THEY WERE BENDING THEM THE MONEY. BUT THAT NEEDS TO BE...
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| 00:54:40 |
Guest, -
ITS CONVERSATIONS WITH WESTERN GOVERNMENT IS HOW TO SPEND WITH THE ANNOUNCEMENTS AND SAY THEY ARE SPENDING TWO OR THREE TIMES. [LAUGHTER] SO HOW MUCH...
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| 00:55:16 |
Host, -
EPISODE WITH THE ECONOMY SHRINKING AT A 5% RATE OR MORE AND CHINA STILL GROWING AT MORE THAN 5%? >> Guest: IT COULD BUT ITS ECONOMY HAS BEEN SO DEPENDENT...
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| 00:55:45 |
Guest, -
FOR AN ECONOMY LIKE CHINA WHICH HAS SPENT SO LONG ENCOURAGING EXPORTS AND HAVE THE WORLD CLASS FOREIGN INVESTMENTS DRIVEN EXPORT INDUSTRIES THEIR ...
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| 00:57:18 |
Host, -
ON
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| 00:57:19 |
Guest, -
THE
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| 00:57:24 |
Host, -
SHOW. >> IT IS ONE
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.