We Need to Fix Our Democracy and Free Market System

One of my favorite economics professors is Jefferey Sach from Columbia University. I’m fully supporting his notion that dismantling the government capability, by cutting the taxes revenue, could create many problems, such as the diminishing of social mobility in the US (low quality of public education, low investment in infrastructure, no attention to environmental problem, etc.). His other notions about corrupt free market system, where the capitalist just gambled the system, is something which I also believe.

Below is one of his lectures in LSE. Actually I also presented in  LSE several days after he spoke, and guess what, coincidentally, we were suggesting the same solution =). Enjoy the lecture below.

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