My MRU videos with Ian Bremmer, on globalization

Here’s the first video in the three-part series.

And a description of the curriculum:

Globalization, Robots, and You

Students have important decisions to make about their educations and careers – wouldn’t it be nice if they better understood the forces of globalization and automation first?

Imagine if they could deftly navigate data from the BLS occupational handbook, academic research, and more to gauge salary prospects, the risk of automation, and foreign competition when comparing their options.

Imagine no more: Tyler Cowen and MRU have partnered with Ian Bremmer and Eurasia Group Foundation to build a five-day curriculum that covers globalization, automation, creative destruction, the elephant graph, and more! Then we apply those concepts to help students rethink personal choices of education and career. 100% free.

The curriculum is chock-full of interactive games, discussion prompts, research assignments, assessment questions, and includes three new videos.

And here are links to video #2 – Creative Destruction: Technology and Trade and video #3 – Are There Winners and Losers of Globalization?

Here is a link to the curriculum.

Comments

You should have included Dani Rodick.

Cowen's collaborator, Ian Bremmer, is the author of The End of the Free Market: Who Wins the War Between States and Corporations?, which discusses the rise of state capitalism, "a system in which governments dominate local economies through ownership of market-dominant companies and large pools of excess capital, using them for political gain." Bremmer argues that state capitalism will likely dominate the future, challenging America's economic strength and the conduct of free markets everywhere. One can assume that this course is influenced by Bremmer's projection, and on careers that complement state capitalism. In 2018, Bremmer published the book, Us vs Them: The Failure of Globalism, which provides an analysis of the financial and economic crisis and populist nationalism arising in response to it. One might observe that Donald Trump is the first fruits of state capitalism in the U.S.

“One might observe that Donald Trump is the first fruits of state capitalism in the U.S.”

Not sure — other than your Trump obsession— why you’d link this administration rather than Obama’s to state capitalism. After all, although both were/are our first populist Presidents in a century, it is Trump that at least gestures towards a rollback of the state’s power and scope. And Trump who is pushing deregulation. Do you have any examples?

Obama state capitalismm ks the IPO of Tesla and the rebuilding of NUMI into a much higher tech car factory, the building of Gigafactory1 in greater California, and the highest selling luxury car being made in the USA (versus Japan, Germany, the EU), while Trump state capitalism is the shutdown of Lordestown, and GM and Ford declaring its impossible to manufacture cars in the USA?

Trump's tariff powers are an abuse of what is supposed to be emergency powers, so no he doesn't get credit for pushing back on a big state by doing the exact opposite decreeing unilaterally via executive fiat a regressive tax on every American.

His spending is no different from any Republican that held the oval office which means sky high deficit spending. What's the logic behind cutting taxes while spending more? At least tax and spend makes more sense because you feel the pain immediately, so you'll think twice before introducing more spending and it keeps money sound.

And just like the last Republican president, he seems to relish another battle in the eternal Middle East multi-wars to protect Saudi Arabia, this time with new fronts in Yemen and Iran. Unlike the democracy spreader neocon Bush, this one has no such ideals/pretensions. He just wants to fight. To make himself look tough. Unfortunately nobody looks tough when they "launch" a strike only to pull out at the last minute like a one night stand with Stormy Daniels. What liberties will we be asked to sacrifice this time in the name of national security?

Ask tech how deregulation is going for them .....

Winners and Losers:

Hillary Clinton and Tyler et al: Just shut up about it. You are a deplorable loser and the rest of the world is doing great. We don't care about you.

Trump: I am going to bring prosperity and hope for you.

We know Trump is exaggerating or lying, depending on your mood affiliation. At least he is pretending to care, whereas HC and TC could give a flying f*ck.

The losers: We can vote.

In my seven decades of life the worst and most destructive state of mind is one of hopelessness. The response to that emotion or world view is either self-destructive behavior or lashing out.

We ignore that state at our peril.

Losers can vote, but if that fails there aren't enough hospitals or jails.

Building a society around losers doesn't make you or your society a winner. Quit whining and complaining. We have a capitalist system, the greatest in the world. Go out, compete, and show us your stuff.

This morning I had a video call with a client in Paris and a subcontractor in Gothenburg, Sweden. Video calls are not perfect, but we saved a few thousands in direct travel costs. Perhaps the greatest savings are opportunity costs, instead of being on a plane or losing time in an airport, I did my other work before and after the meeting. And tomorrow I'm not going to be tired because of a 5AM of 10PM flight.

I had another meeting with a client last Friday 15 km away from the office. Even if the travel distance was minimal, driving to, parking, getting to reception, getting to the meeting room, having the actual meeting and going back was 3.5 hours for 45 min of effective work.

Other advantage of videocalls is that relatively low level people in the company can meet other low level guys. My father needed a written approval for long distance calls at his job. Elder colleagues still remember just waiting at the office while the secretary tries to connect an international call. Travel and communication among companies was reserved for the bigwigs not so long ago. I still don't imagine what are the consequence of this advance for managers once they don't filter communication anymore.

How were the coofee and snacks and brunch. Which were better, those from Parris or Sweden?

The reason, purpose of the economy comes down to food, protection from the elements, then moving around, then delivery of health care.

Turning idleness into a huge part of the economy is a triumph of rent seeking. I grew up when idleness was nearly free, walk down the road to some woods, ....

Good videos Tyler!

Also, a PLUS for using the word "automation" over "robot". Manufacturing plants pay for automation. Robots are just a fraction of that process.

When robots replace people:

Robots will be paid so they can buy everything they produce?

Everything made by robots will be free to the former workers no longer paid wages soo they can buy what they once produced?

Government will give everyone as much cash as the one robot owner demands in profits for ordering robots to do everything, which is then invested in US Treasuries to fund giving everyone the money to give the monopolist by "buying" what robots produce at no cost.

Robots that build better robots will naturally converge on the best riobot building the best robot innovator in building the best robot at innovating the best robot... one robot will be the most superior at replicating itself and doing all work the best.

Unless that robot decides like wacky conservationists to create the EPA and lawyers suing under NIPA to preserve the ecosystem needed for today's robots, which would requiring making humans an endangered, protected species.

Best robot econ video is Autofac in the Amazon Electric Dreams by P.K. Dick series.

Well, there’s robots and robots. At the peak in the 1940s, there were over 350,000 women working as telephone operators in the U S. Direct dial (aka simple robots) replaced essentially all of them. With digital voice today, those originally electro- mechanical robots have mostly been replaced with software and packet routers (are those even robots?). Voice traffic is now “all you can eat”, it’s too cheap to tariff.

What is the target demographic? H.S. Sophs?
Quality: f"Students answer on their own: What are three outdated items or products that your elder relatives still used or perhaps still use but you don’t? Why don’t you use them? " ...still used or perhaps still use? WTF.
A swing and a miss; most jobs today (in West) are SERVICE jobs. The provided suggested answers for the above Q are:"Possible Answers: record/cassette/CD/VHS/DVD/Blu-Ray player, FM/AM radio, cable TV, calculator, landline, beeper, flip phone, notebook, pen/pencil, checkbook, envelope, map, wristwatch, alarm clock, newspaper, magazine, book, camera, cash." Note that not a single one is a service.
Also missing: department stores, book stores, full service gasoline stops, cable TV, satellite TV, outdoor recreation, condoms, oh wait...I digress...

"

I am 65 yo and used to have all of the above. Now I have only two devices - a Moto5 smartphone and a Samsung.Galaxy Tablet. I only recently bought the tablet so I could actually read the screens of Cousera and EdX online courses.

I have watched the first, on the second. The content is good, but I find the presentation a bit choppy. Maybe trust that those interested enough to begin have patience for a calmer description.

More like "See Jane Drill" and less like Saturday morning cartoons.

Mr. Bremmer, is it possible to get DC foreign policy establishment and MSM as agitated by a school bus full of Yemeni kids getting blown up by American bombs as an oil refinery in KSA?

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