Summers on What's at Risk If There's No Build Back Better?

The transcript discusses the challenges of implementing visionary economic ideas, using the Trade Pacific Partnership as an example. It highlights the debate around the Bill Beck Better initiative and emphasizes the importance of approving global corporate tax proposals to manage globalization effectively.

What is an example of a visionary economic idea that faced implementation challenges?

• The Affordable Care Act

• The Green New Deal

• The Trade Pacific Partnership (TPP)

• The Paris Climate Agreement

What is the main focus of the Bill Beck Better initiative?

• Education policy

• Immigration reform

• Management of globalization

• Healthcare reform

What is at risk if the Bill Beck Better initiative does not pass in its totality?

• Decreased foreign investments

• Higher inflation rates

• Failure in managing globalization

• Increased unemployment

Why is the approval of global corporate tax proposals important according to the transcript?

• To improve healthcare systems

• To manage globalization effectively

• To reduce national debt

• To increase domestic employment

Which body is responsible for approving the global corporate tax proposals?

• The United Nations

• The US Congress

• The World Trade Organization

• The European Union