TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2025-08-21 Page is: DBtxt003.php txt00028881

GEOPOLITICS JEFFREY SACHS ... JULY 14TH, 2025 ET NOW: Jeffrey Sachs Unleashes SHOCKING Truth About Trump & US, Sends Shockwaves To Global Leaders PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=940po5XeEfo
Jeffrey Sachs Unleashes SHOCKING Truth About Trump & US, Sends Shockwaves To Global Leaders ET NOW 2.45M subscribers ... 127,590 views ... 3.2K likes Premiered Jul 14, 2025 #jeffreysachs #worldnews #usnews Jeffrey Sachs Unleashes SHOCKING Truth About Trump & US, Sends Shockwaves To Global Leaders #jeffreysachs #trump #donaldtrump #worldnews #unitedstates #usnews control your money with economic times now. YouTube Channel - / @etnow Subscribe To ET Now For Latest Updates On Stocks Market News , Business News, Company News, IPO & More \| https://bit.ly/SubscribeToETNow Subscribe Now To Our Network Channels :- ET Now Swadesh: / etnowswadesh Times Now: http://goo.gl/U9ibPb Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC Website - https://www.etnownews.com Follow us on Google News for latest updates ET Now: https://news.google.com/publications/... Times Now Navbharat: https://bit.ly/3zDaKJo Times Now : https://bit.ly/3CyrrYg Zoom: https://bit.ly/3CEK0dv Peter Burgess COMMENTARY Peter Burgess Transcript 0:00 Let me spend uh just a few minutes talking about the situation in the world right now because the last couple of days have been dramatic. Now there is no 0:11 guarantee that we avoid catastrophe 0:15 because the world's not well led uh and 0:19 uh the world is in a very unstable 0:24 uh 0:25 situation because of all the things that 0:29 we've been discussing. uh of course the 0:32 climate crisis, all of the upheavalss in 0:37 the world economy, even aside from the 0:40 interventions of uh uh leadersh 0:51 than than I. So this is something um quite dramatic. But another thing that's very dramatic is the geopolitical 1:00 changes that are underway. They are 1:03 remarkable. 1:05 They're very dangerous, but on the whole 1:10 not bad. Actually, what's happening is 1:13 that a familiar world led so-called by 1:19 the United States and Europe is no 1:22 longer led by the United States and 1:24 Europe. 1:25 uh it was presumptuous to be led by the 1:28 United States and Europe to begin with. 1:32 Uh it's actually the end of a very long 1:35 cycle that dates back to 1492 1:39 uh and onward because it started with a 1:44 a voyage that 1:47 was a little bit uh went arry and 1:51 changed the world uh fundamentally. 1:54 Um, 1:56 and they say that 1:58 how do you know that uh Christopher 2:01 Columbus was an economist by the way? 2:04 Uh, 2:06 he didn't know where he was going. He 2:08 didn't know where he was when he got 2:10 there and it was all on a government 2:12 grant. Uh, so this is part for the 2:16 course. But um the world became a 2:20 Europeanled world with a a lot of uh 2:24 cruelty and a lot of inequality and a 2:27 lot of domination. Um and with a lot of 2:32 remarkable technological development uh 2:35 that came along with it but that was 2:38 utilized as a form of power and 2:40 oppression as well. and the United 2:42 States dominated the world for about a 2:45 half a century after 1945. 2:50 Now we're in a very different world and 2:52 um the uh voices of other parts of the 2:58 world are really important and um 3:02 growing and that means that in the media 3:05 and in the political life in the western 3:07 world there's a lot more anxiety 3:09 actually than there is in China for 3:12 example or in India where it's not 3:15 pessimistic. It's not feeling that the 3:17 world's falling apart. It's feeling that 3:19 the world is changing in the right 3:21 direction actually and I would say if 3:24 you look at opinion surveys in Africa 3:26 there's a tremendous amount of optimism 3:28 actually Africa is the most optimistic 3:30 single continent uh in the world uh if 3:33 you look at opinion surveys so the 3:37 world's changing and it leads to a lot 3:40 of anxiety and the anxiety is highest in 3:42 the United States because nobody likes 3:45 to be pushed off the perch. Uh but the 3:48 fact of the matter is um the world's 3:51 becoming a lot more interesting, 3:53 diverse, interconnected. 3:56 You're a very diverse group, but not 3:58 quite diverse enough. There aren't are 4:01 there any Chinese faces here? No, 4:04 we have somebody from Hong Kong. 4:06 Okay, good. Hong Kong, we were just 4:07 there. It's wonderful. Uh and India. 4:12 Great. Okay. So between the two, you're 4:16 40% of the world population. Uh but not 4:19 not exactly 40% of this room. So it's 4:22 just to say we don't have to have a 4:26 complete demographic equality. But 4:29 you're a very diverse group, which is 4:31 extremely important, very important. Uh 4:34 and um the world's even more diverse, if 4:37 I could put it that way. So we need to 4:39 strive for uh for that. and viewed 4:44 in that perspective. My own view is 4:49 I'll say a grim statement and then an 4:52 optimistic statement. If we don't blow 4:54 things up, which is possible, then 4:57 things are going to be okay. uh and by 5:01 that I mean the world that is taking 5:03 shape will be more equal, more open, 5:07 actually benefiting from a lot of the 5:10 breakthroughs in technology. 5:12 The real worry I have is just disaster 5:16 in the in the short term because 5:19 my country is the worst lead that it's 5:21 ever been and our political system has 5:23 collapsed. So we have one person rule 5:26 which is not exactly the way to run a a 5:29 society of 335 million people and 30 5:32 trillion dollars of output but that's 5:36 what what we have for the moment. But if 5:38 we can avoid the catastrophes, we 5:40 actually not just rhetorically and not 5:43 just optimistically, we really have a 5:45 lot of solutions in this world for food 5:49 production, for sustainable energy, for 5:53 uh better education and health care 5:56 systems, for all sorts of things that 5:58 are completely wonderful. 6:02 They're not they're getting discovered. 6:04 They're getting developed. You're 6:05 pioneering many of them. They're not 6:07 getting undertaken at any at the scale 6:10 that they need and the pace that they 6:11 need by any means, but they could be 6:15 because there's no 6:17 fundamental 6:19 shortfall of resources or knowhow. We're 6:23 not running out of particular minerals 6:26 so that we can't do this. We're not 6:28 running out of land so that we're in a 6:31 struggle for who eats and who doesn't 6:34 eat. We're not running out of energy 6:36 because solar radiation 6:40 is about 5,000 times our power usage on 6:44 the planet. So if we deploy uh solar 6:48 power which is now cheaper than any 6:50 other kind of power 6:53 we're not in an energy shortage as well. 6:57 We're not in a knowhow shortage but we 7:00 are in a fairness shortage. We're in a 7:03 niceness shortage. We're in a calmness 7:06 shortage. Uh we're in a geopolitical 7:09 crisis. And we are with a lot of 7:12 instability from all of the upheavalss 7:16 of climate which are going to get worse 7:18 for the next 50 years almost no matter 7:21 what we do. Because underlying our 7:25 physical reality is a lot of warming 7:28 built into the system and a lot of 7:30 shocks that will come from that. That 7:32 doesn't mean that the impacts 7:34 necessarily get worse because things can 7:36 get buffered. We can become more 7:38 resilient. We can become adapted. But 7:41 the climate itself is going to become 7:43 more dangerous shortly. 7:46 So this is our state of affairs. 7:50 Now what specifically happened yesterday 7:53 was the US 7:56 declared itself outside of the world 7:59 trade system. Two weeks ago, the US 8:01 declared itself outside of the climate 8:04 challenge. Uh, three weeks ago, the US 8:07 declared itself out of the 8:08 sustainability challenge. Four weeks 8:11 ago, the US declared itself outside of 8:13 the WH. 8:15 All right. 8:17 Honestly, it doesn't get dumber than 8:19 this, 8:20 really. But the US is 4.1% of the world 8:25 population. And as I said the other 95% 8:30 I don't see things diminishing in 8:34 intensity of purpose but rather 8:36 increasing and there are a lot of very 8:39 good things that are happening even 8:41 because of the United States strangeness 8:44 of behavior right now. For example, 8:47 China and India which have been at 8:50 loggerheads for 8:53 60 years for a more than that for almost 8:57 80 years for a complicated reason that 8:59 the British drew a an arbitrary 9:03 borderline in the Himalayas. uh and that 9:06 has meant border dispute and conflict 9:09 between China and India since India 9:11 gained independence in 1947 and the 9:14 people's republic of China was formed in 9:16 1949 and they're still fighting over a 9:18 line that a guy named name named McMahon 9:21 drew arbitrarily in 1880 never having 9:25 been up to the Himalayas where he drew 9:26 the line and there is by the way a 9:29 theorem that I kind of subscribe to that 9:31 all problems in the world go back to the 9:33 British Um, so that's true in the Middle 9:36 East. It's true in the Himalayas. It's 9:38 true in much much of the world. Yes, 9:41 it's true all over Africa. It is 9:43 actually a very good rule of thumb. It's 9:46 not it's not quite a proven theorem, but 9:49 it's a very good rule of thumb. Um, in 9:52 any event, the Indian and Chinese 9:56 foreign ministers got together and said, 9:57 'What are we fighting about? Uh, we 10:00 should trade more. We should invest 10:01 more.' And then very positive statements 10:04 came from Prime Minister Modi and from 10:06 President Xi. Then uh last week three 10:09 other countries that are at loggerheads 10:11 for no reason in the world. Honestly, 10:15 China, Korea, and Japan. 10:20 They are divided because the United 10:22 States says you're on our side and 10:23 they're the enemy. Uh to China and Japan 10:27 and I mean to Korea and Japan visa v 10:30 China. The three got together because 10:32 they see the US not such a great you 10:36 know protector of their interests and 10:39 they said we need to improve relations 10:43 with each other. This is very very good. 10:47 And if you think about Iran and Saudi 10:51 Arabia for example, which was defined by 10:55 the US to be the uh you know the the the 11:01 fundamental schism of Shia and Sunni and 11:05 so much of US policy was playing the 11:08 Sunnis against Shia, Iran and so forth. 11:12 They made a raproma last year 11:16 which China helped to broker in a very 11:19 wise way. The United States would never 11:21 have done it and never even have thought 11:23 about it. But uh China was very helpful. 11:27 So truly 11:29 I'm not so pessimistic at all. I just 11:32 see the world changing and I can 11:34 understand the pessimism in the 11:37 newspapers that I happen to read in the 11:40 US because they're all geared around the 11:42 idea of the US as number one. And if you 11:46 put that aside, I like a world in which 11:50 China's playing a much larger role and 11:52 India's playing a much larger role and 11:54 the African Union's playing a much 11:56 larger role and Saudi Arabia is playing 11:58 a much larger role. To me, this a great 12:00 world. It's it's a world of diversity, 12:03 much better food, uh much better 12:06 conversation, much better places to 12:08 visit, much more fun uh in uh 12:11 conferences and meetings and problem 12:13 solving and all the rest. Uh but if you 12:17 just happen to be a US strategist, it 12:19 looks very grim and dangerous and so 12:23 forth. So I don't buy into the danger 12:27 part. I do buy into well I do buy into 12:30 the danger part for the reasons I said 12:32 but I don't buy into the inevitability 12:34 of crisis. So what I would really like 12:39 you guys to do is to stay on the 12:43 the networking course and the practical 12:46 course and the problemolving 12:49 course and 12:52 I want us to help you to do that. Uh so 12:58 and just to be very clear, you know, 13:01 SDSN youth is not to empower youth per 13:05 se. It's to help solve global problems 13:08 of which you have a lot of solutions. So 13:11 that's a little bit different. Uh 13:15 we have a little more access than you do 13:17 to some places uh being older and gray 13:22 hair, but you uh know how to fix our 13:26 phones and computers a lot better than 13:28 we do uh and what's going on with the 13:31 the latest apps and how to use them and 13:34 so forth. And that's actually unique 13:37 knowledge in our world right now. Um, 13:39 and so it's really important that you're 13:42 at the table. It's true you should be at 13:44 the table for two reasons. One, to 13:47 protect the interests of your generation 13:49 against uh uh 78-year-old US presidents 13:53 that don't know how to think ahead. So 13:56 that's true, but I don't think that's 13:58 the main reason you should be at the 14:00 table. The main reason you should be at 14:02 the table is you can help move this 14:03 agenda forward in a very significant 14:06 way. So I had good experience when I was 14:11 young. I 14:13 luckily thrust into places where I could 14:17 do something at an early stage of my 14:20 career. And um thank God it worked cuz 14:23 otherwise that would have been the end 14:25 of it. Uh but in any event um 14:29 you can do a lot but I also know um we 14:33 can help you uh too because you learn 14:37 you learn a lot actually along the way 14:40 as well. Um every day I learn something 14:45 that I say I cannot believe I didn't 14:48 know that for the last 50 years of 14:52 trying to know what I know. and pretty 14:55 fundamental stuff every day, which is 14:58 weird to me actually cuz by now it 15:00 should be kind of wrote, but it's not 15:02 wrote at all. There's just so much to 15:04 learn. And I kind of walk around my 15:07 whole life with a book in my hand or now 15:09 with a with an ebook or on my phone or 15:12 something reading, reading, reading 15:14 every day and learning pretty basic 15:16 things actually, which is annoying. Uh 15:20 really annoying because it should have 15:22 been done already. uh but it's not. So 15:25 all of that is to say we can help you uh 15:28 and I can help you and I can help you 15:30 network and I can help you learn things. 15:33 So don't presume you know everything but 15:36 don't presume that you don't know what 15:39 you're seeing with your own eyes about 15:41 things that can be done. So that's 15:44 really the balance that's extremely 15:46 important. Now, 15:52 what's going to happen after 2030? Let 15:54 me say a few words about that because 15:56 you're going to play a big role in that. 15:58 Um, 16:02 obviously, we're not going to achieve 16:04 what we set out to achieve in 20 2015, 16:08 September 25th, 2015, when Pope Francis 16:12 ushered in the sustainable development 16:14 goals at the UN. The agenda was pretty 16:17 optimistic beforehand 16:19 at the time. It was very stretch goals. 16:23 It would have required a lot of 16:28 capacity and working together to make 16:31 them happen. Um, 16:34 of course, we just didn't get the major 16:37 powers to work very hard on any of this. 16:39 Uh, the only one that made a major 16:42 effort in my view was China. Actually uh 16:45 Europe said a few things at the 16:48 beginning but Europe got caught in this 16:51 Ukraine war which to my mind was a just 16:55 a disastrous 16:57 mistake because the United States 17:00 doesn't know how to make peace and uh 17:03 blew the chance after 1991 to help in 17:08 help create a true collective security 17:11 arrangement in Europe. Instead, it 17:13 expanded NATO. But I don't want to go 17:15 there. Just to say the US didn't try, 17:18 Europe didn't try very much. China 17:20 launched the Bel and Road Initiative, 17:22 which is very big and positive thing. Uh 17:26 Africa launched the African continental 17:28 free trade area, which is a very 17:30 important thing uh and a very positive 17:33 development. 17:35 But the world as a whole for the major 17:38 powers didn't try very hard. So we're 17:41 reaching and 17:44 I don't want to go into it but my view 17:47 is the US at the University of North 17:51 Carolina concocted something called SARS 17:54 cove 2 and made a pandemic. That's 17:56 another long story. Uh but um 18:01 we just lost a lot of time. So what are 18:03 we going to do? My hope personally and 18:07 this is something we can discuss longer 18:09 is that we continue under the framework 18:13 of the sustainable development goals. 18:16 And the reason is it's taken 10 years to 18:20 have governments understand a bit about 18:23 how to make such a complicated 18:25 multi-dimensional 18:27 programming process because it's not 18:30 simple to do this to plan for 17 major 18:34 objectives long-term planning strategy 18:38 and so forth. Now the goals won't stay 18:40 exactly the same but I don't want to 18:42 redo everything to have a new set of 18:45 goals and uh a new framework because 18:49 honestly to my mind it would be 18:53 it it may be constructive in bringing 18:56 new voices in to be sure. So I don't 18:58 want to rule out deliberations which 19:00 will take place but I don't think we 19:02 should throw out everything because it 19:04 just would be a major loss in time sync 19:07 and in our world today the US will walk 19:09 away from the table anyway and it just 19:11 may be very hard to get a framework 19:15 other framework. So I'm hoping we 19:17 continue under this broad rubric 19:20 resetting 19:22 adding no doubt something about 19:24 artificial intelligence as SDG-18 or 19:27 repackaging uh repackaging some of the 19:30 uh objectives and so on but to keep this 19:34 framework to midentury because the next 19:38 period to my mind is is to 2050 is to 19:42 midcentury and that's in fact what we 19:45 need to decarbonize the energy system. 19:48 It's what we need to transform 19:50 agriculture. It's what we need to create 19:54 a a workable digital 19:56 society in which good things rather than 20:00 bad things happen with these new 20:02 technologies and so forth. So that's 20:05 what I think we will be what I am going 20:08 to be aiming for in the next few years. 20:11 This will probably be decided more or 20:13 less around 27 or 2027 or 2028. So there 20:18 will be a UN process. Uh the next 20:21 secretary general will assign a 20:23 commission probably. There'll be a 20:25 deliberations. You'll be involved in 20:28 national level and global processes and 20:31 youth ambassadors and many ways. and we 20:34 should really strategize together about 20:37 this and you should make further 20:38 outreach to other groups uh in order to 20:41 do this. 20:46 One basic point is that 20:51 what makes all of this very hard is 20:55 thinking ahead 20:57 on a time horizon and a complexity 21:00 longer than governments know how to do. 21:03 So if you want to change the energy 21:05 system, it's not a one year or a 5year 21:09 or a 10year process. You really have to 21:12 be able to think about 25 years or 30 21:15 years and basic changes of technology 21:18 and learn how to put that into a real 21:22 political process and so forth. And this 21:25 is what I find most governments don't 21:27 know how to do effectively. Again, China 21:31 is better at planning in this way than 21:33 any other government that I know among 21:35 the major governments. Europe's not bad 21:38 at setting goals, but it then doesn't 21:41 necessarily actually create the uh the 21:44 planning to deliver them very 21:46 effectively. 21:48 I'll say also I have huge hopes, 21:50 expectations, and demands of the African 21:53 Union in the coming years. There's a new 21:57 AU commission that just came into office 22:00 on March 15 22:03 and Africa needs to make a breakthrough 22:06 in the next 30 years. It can't go on 22:09 like this with many conflicts, with kids 22:13 not in school, with the systems not 22:16 working, with electricity not reaching 22:19 still hundreds of millions of people. 22:22 And that's what we were discussing in 22:24 the financing for development workshop 22:27 that we had earlier this week. How to 22:30 make those breakthroughs. So, one thing 22:33 I'm asking of you is helping to instill 22:37 the idea of really basic transformation 22:42 uh in your countries, regions, and since 22:47 we're going to do it together at a at a 22:50 world scale that yes, we really can 22:53 create a better future. And it's not 22:57 only wish fulfillment, it's actually 22:59 very practical work. Very for me, by the 23:03 way, uh I I caught uh who had a slide 23:08 that I think uh Chened about the 23:11 importance of education as being fun 23:13 absolutely fundamental. Was that you 23:16 Chenade? 23:17 Yeah. In any event, okay, 23:21 there are probably 300 million kids not 23:25 even in school right now and we have to 23:29 absolutely say no. Are you kidding? Not 23:34 another school year like this. This is 23:38 crazy. And the reason they're not in 23:40 school in some places is because of 23:43 conflict and displacement. But for 23:47 at least 200 250 million kids is because 23:50 the governments don't have the funds to 23:53 hire teachers to have the schools and so 23:56 forth. And I want to have a fit 24:00 together with you 24:03 to the powers that be that this cannot 24:05 go on any longer. You cannot leave kids 24:10 out of school in this world. They cannot 24:14 have a future that way. This is the most 24:17 basic point of everything that we're 24:20 trying to do. Everything, every one of 24:23 you had the fortune and you probably had 24:27 a lot of struggles, twists and turns, 24:29 good luck, parents that helped, friends 24:31 that helped, family that helped somehow 24:34 that you could get an education. 24:36 But I think that's the first thing we 24:39 really need to do is to put our foot 24:41 down and say no more faking it to 24:47 any to the host countries but they don't have the money to the IMF to the World Bank to China to anyone else. You got to help make sure that all the kids are in school. Period. And then there are all 25:03 the other issues that we're dealing with. I won't belabor the point any longer because I know the time is time is short but let's you guys are really important in this process and to add to your importance connect with others that you think we need to bring into this process cuz this is a very powerful group that can really make a huge difference and can really by the way you can help the older ministers in the government, the presidents and so forth understand this is no joke. This is real for your societies. This really can be done. You can tell them Professor Sax said so and that they got to get on with it and that we're here to help and we're going to get the financing that they need. That was we really are going to get the financing that governments need, but you 26:00 need to help lay out the plans, the ideas, very operational, the wonderful things that can be done uh and really inspire your countries and your friends and uh your the businesses your

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