Podcasts News Stuck @Om Stuck@Om with Jeffrey Sachs

Stuck@Om with Jeffrey Sachs

Published: June 22, 2020, 4 p.m.

In this episode of Stuck@Om, I\u2019m joined by world-renowned economist, professor, and best-selling author Jeffrey Sachs. A central topic in our conversation is Jeff\u2019s newest book The Age of Globalization and the impact of digitalization on our culture and economy.\xa0

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We dissect how COVID-19 has clearly changed office culture \u2014 and how it won\u2019t be the same after this. The Coronavirus has taught us that 80% of our work can be done anywhere. We are recognizing that we can function with a decentralized workforce. How will that impact how people live and function in society?\xa0

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We also talk about the inaccuracies being portrayed by the stock market. We\u2019ve seen over 20 million people apply for unemployment, yet the stock market is up 20%. Jeff notes that the stock market isn\u2019t a snapshot of the economy \u2014 it\u2019s a snapshot of a piece of the economy at the exclusion of the losing side.\xa0

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We fear that our society has become stupid. Our systems cannot process information, deliberate socially, and reach rational outcomes. Jeff emphasizes that deliberation and the pursuit of serious knowledge and problem-solving needs to come back into the core of our politics.\xa0

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We peruse so many topics, from a lack of meaningful communication in our society to potential dystopian or utopian futures. Be sure to listen to this episode for a wide-ranging conversation about pertinent global issues that our society is facing.

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Outline of This Episode
  • Jeff\u2019s Book: The Age of Globalization
  • How COVID-19 has clearly changed office culture
  • How humanity has dealt with pandemics throughout history
  • The economic inaccuracies being portrayed by the stock market
  • The dramatic acceleration of the digital economy and adverse effects
  • How digitization makes a large positive contribution to overall productivity
  • Most everything that we want done can be done by AI
  • The need for new institutions to handle digitalization
  • How society defines the worth of a man or woman
  • The Scandinavian ideology of social democracy
  • A continued shift towards working less and enjoying life
  • The next phase of globalization and the possibilities that come with it
  • The benefits of science and technology should be widely shared
  • How communication is a key part of globalization
  • The pursuit of serious knowledge and problem-solving needs to return
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