You Are Not a Robot [Andrew Sheng]

Andrew Chang discusses the transition from complicated to complex societies, highlighting the inadequacy of traditional economic theories in addressing modern challenges. He emphasizes the need to reconsider human rationality and outdated concepts in the face of technological advancements, climate change, and social inequality. Emerging markets are shifting the global order from unipolar to multipolar, with rich countries better equipped to handle shocks. Climate change exacerbates issues like water stress and food security, leading to migration towards advanced countries. Sustainable, long-term solutions are necessary to address these challenges and prevent further societal divides.

What does Andrew Chang suggest about traditional economic theories?

• They fully account for globalization.

• They are perfectly suited for modern societies.

• They treat humans as complex beings.

• They are outdated and treat humans like machines.

How are emerging markets influencing the global order?

• By adopting traditional economic models.

• By pushing towards a multipolar world.

• By maintaining a unipolar world.

• By isolating themselves from global issues.

What are some challenges faced by emerging markets according to the speaker?

• Abundance of natural resources.

• Excessive technological advancements.

• Stable political environments.

• Climate change and water scarcity.

What does the speaker suggest is necessary for supporting failing countries?

• Increased military intervention.

• Complete isolation from global markets.

• Short-term charity efforts.

• A sustainable fiscal model.

What potential risks does the speaker highlight if global issues are not addressed?

• Decreased human migration.

• Stability in emerging markets.

• Rise in fundamentalism and violence.

• Increased global cooperation.