CLEAN : 'Tax the super-profits,' says Nobel prize winning economist Stiglitz

The video discusses the global economic turmoil caused by spikes in energy prices, leading to undeserved profits for some firms. It draws an analogy to medieval bloodletting, warning against ineffective economic strategies by central banks. The video also covers the progress and challenges in global tax system reforms, highlighting both achievements and disappointments.

What is the primary cause of the current economic turmoil discussed in the video?

• Technological advancements

• Spikes in energy and commodity prices

• Natural disasters

• Political instability

How does the speaker describe the profits made by some companies during the economic turmoil?

• Well-deserved due to hard work

• A result of strategic investments

• Undeserved and unearned

• A consequence of technological innovation

What historical practice is used as an analogy for current economic strategies?

• Herbal medicine

• Astrology

• Bloodletting

• Alchemy

What is the speaker's concern regarding central banks' actions?

• They will lower interest rates too quickly

• They will repeat ineffective strategies

• They will focus too much on technology

• They will ignore global markets

What is the speaker's view on the progress of global tax reforms?

• Unaware of any progress

• Pleased with the overall ideas but disappointed with the details

• Disappointed with the lack of inclusivity

• Completely satisfied with the progress