TED: What capitalism gets right -- and governments get wrong | Katherine Mangu-Ward

The video discusses the benefits and challenges of capitalism, highlighting its role in reducing poverty and increasing life expectancy. It contrasts capitalism's innovation with government intervention, using GM and Facebook as case studies. The speaker emphasizes the importance of allowing market dynamics to function without excessive government interference, advocating for a balance between public and private sectors to foster innovation and growth.

What percentage of the global population lived in absolute poverty in 1820?

• 50%

• 84%

• 20%

• 9%

Which of the following is NOT mentioned as a 'greatest hit' of capitalism?

• Electric light

• Personal mobile phones

• Space travel

• Commercial aviation

What is one of the main problems governments have with capitalism, according to the speaker?

• They support all new ideas

• They dislike when old industries die

• They encourage corporate failure

• They love new innovations

Why does the speaker believe corporate failure is important in capitalism?

• It increases market stability

• It allows for resource reallocation

• It leads to government bailouts

• It prevents new ideas

What percentage of the original Fortune 500 companies are still on the list?

• 10%

• 5%

• 90%

• 52%

How did the government support General Motors during the 2008 financial crisis?

• By reducing taxes

• By providing a bailout

• By increasing competition

• By deregulating the industry

What stance does Mark Zuckerberg take regarding regulations for Facebook?

• He supports breaking up Facebook

• He wants to help write them

• He opposes all regulations

• He ignores them

What is the speaker's view on the role of government in fostering innovation?

• Government should do nothing

• Government should lead innovation

• Government should collaborate with businesses

• Government should regulate all industries

What does the speaker suggest is the best hope for a better world?

• Government intervention

• Corporate monopolies

• Weirdos trying new things

• Strict regulations

What does the speaker imply about the relationship between money and problems?

• More money leads to fewer problems

• More money leads to more problems

• Money has no impact on problems

• Problems decrease as money increases