{"@context":"http://iiif.io/api/presentation/3/context.json","id":"https://iastate.aviaryplatform.com/iiif/c53dz03j4w/manifest","type":"Manifest","label":{"en":["Henderson, Hazel, Re-Defining Wealth and Progress"]},"logo":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/004/original/ISULogo.png?1601681107","metadata":[{"label":{"en":["Publisher"]},"value":{"en":["Iowa State University. Special Collections and University Archives"]}},{"label":{"en":["Identifier"]},"value":{"en":["RS008-006-053 (call number)","AV204119 (UID)"]}},{"label":{"en":["Description"]},"value":{"en":["Re-Defining Wealth and Progress is a November 6, 1992 event in the Iowa State University Lecture Series featuring Hazel Henderson. Hazel Henderson discusses the limitations of traditional national economic statistics.","This item was captioned by Rev.com in conformance with WCAG 2.1 AA accessibility guidelines. (accessibility)"]}},{"label":{"en":["Local Identifier"]},"value":{"en":["Lectures_AV204119"]}},{"label":{"en":["Rights Statement"]},"value":{"en":["Per request by the creator, access to this item is restricted to scholarly use only. (access)","This item is protected by copyright and/or related rights. You are free to use this item in any way that is permitted by the copyright and related rights legislation that applies to your use. In addition, no permission is required from the rights-holder(s) for educational uses. For other uses you need to obtain permission from the rights-holder(s)."]}},{"label":{"en":["Preferred Citation"]},"value":{"en":["Re-Defining Wealth and Progress. Iowa State University Lecture Series (RS 8/6/53). Special Collections and University Archives, Iowa State University Library, Ames, Iowa."]}},{"label":{"en":["Ark"]},"value":{"en":["https://n2t.net/ark:/87292/w98s4jv02"]}},{"label":{"en":["Date"]},"value":{"en":["1992-11-06"]}},{"label":{"en":["Type"]},"value":{"en":["lectures","Sound"]}},{"label":{"en":["Agent"]},"value":{"en":["Henderson, Hazel, 1933- (speaker)"]}},{"label":{"en":["Format"]},"value":{"en":["1/4 inch audio cassette"]}},{"label":{"en":["Subject"]},"value":{"en":["Gross national product","Macroeconomics","Unpaid labor","Externalities (Economics)"]}},{"label":{"en":["Language"]},"value":{"en":["English (primary)"]}},{"label":{"en":["Relation"]},"value":{"en":["Committee on Lectures records (RS 8/6/53) (physical collection)","Iowa State Lectures Series (digital collection)"]}}],"summary":{"en":["Re-Defining Wealth and Progress is a November 6, 1992 event in the Iowa State University Lecture Series featuring Hazel Henderson. 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For other uses you need to obtain permission from the rights-holder(s)."]}},"provider":[{"id":"https://iastate.aviaryplatform.com/aboutus","type":"Agent","label":{"en":["Iowa State University"]},"homepage":[{"id":"https://iastate.aviaryplatform.com/","type":"Text","label":{"en":["Iowa State University"]},"format":"text/html"}],"logo":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/004/original/ISULogo.png?1601681107","type":"Image"}]}],"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/115/594/small/lecture.png?1622143567","type":"Image","format":"image/png"}],"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594","type":"Canvas","label":{"en":["Media File 1 of 2 - 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all","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=12.73,15.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the final lecture of this year's Institute","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=15.3,17.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on world affairs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=17.56,19.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Before we begin, we would like to invite anybody interested","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=19.18,22.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in planning next year's Institute to a planning meeting","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=22.31,26.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Monday, November 9th at 4:00 PM in the Pine room.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=26.46,30.023"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Hazel Henderson is an independent futurist","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=33.09,35.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and inter disciplinary policy researcher,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=35.63,39.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"she has spent six years on the Advisory Council","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=39.29,41.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the US Congress Office of Technology Assessment,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=41.87,45.418"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and is a consultant on the Alternative Development Policy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=45.418,49.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in over 30 countries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=49.14,52.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"She has written over 200 journal articles,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=52.22,55.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and her books include \"Creating Alternative Futures\",","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=55.71,59.777"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"The Politics of The Solar Age\" and \"Paradigms in Progress\",","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=59.777,63.337"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this is a copy of her new book.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=64.384,66.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Ladies and gentlemen, Hazel Henderson.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=66.77,69.097"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/19","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience cheering)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=69.097,72.097"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/20","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Good evening.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=78.88,79.763"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/21","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, I'm just wondering whether we could have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=81.56,83.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/22","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the lights down 'cause I want to use this projector,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=83.96,88.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can somebody put these lights down a little?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=88.72,91.543"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, Redefining Wealth and Progress.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=93.23,96.483"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I have approached economics really as an outsider,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=97.974,102.974"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I've tried to look at the different ways","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=103.83,107.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that economists look at the world","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=107.42,109.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the way futurists or systems theorists","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=109.89,113.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"look at the world.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=113.62,114.693"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now I think I may need help with this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=115.53,118.957"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And basically economists base most of their models","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=129.07,134.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on past data, whereas futurists tend","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=135.92,140.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/33","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to construct scenarios looking at trends","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=140.42,144.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/34","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and how they're going to interact in the future.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=144.69,147.973"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Economists assume equilibrium,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=148.91,152.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and in the concreting sort of hurricane","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=152.2,156.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of global change going on in the world,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=156.04,159.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this seems to be a little unrealistic.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=159.29,162.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Futurist and systems theorists basically see human societies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=162.1,167.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and ecosystems in a state of constant disequilibrium,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=171.21,175.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so it's a very different view of the world.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=175.86,178.673"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Economists as you know, always assume that at some point","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=179.73,184.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/43","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"things are gonna come get back to normal,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=186.53,189.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/44","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I think this is where futurists","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=189.51,191.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/45","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"take a very different approach,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=192.7,194.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/46","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we do not ever expect anything to get back to normal,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=194.07,197.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/47","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we think that societies are evolving all the time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=197.94,202.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/48","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I won't go all the way through this 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week.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=208.34,210.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think probably one of the most interesting assumptions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=210.94,215.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that economists make which many people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=215.18,218.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/53","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from other disciplines don't share,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=218.88,221.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/54","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the idea that human beings are only behaving rationally","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=221.15,226.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when they are being individualistic","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=227.25,230.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and competitive with each other.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=230.25,232.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And as you know in the economic textbooks,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=232.85,236.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"co-operative caring-sharing kind of behavior","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=236.73,240.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is actually considered irrational.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=240.76,243.003"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, this just might give you some examples of...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=244.32,247.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"By the way I look at the world rather differently.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=247.83,250.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I've focused a lot of my attention","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=250.7,254.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the whole assumption that economists make,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=254.78,259.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the goal of societies is that of economic growth,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=260.8,265.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and in a sense we are really trapped,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=266.84,270.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"almost every country in the world is trapped","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=270.87,273.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"now in this assumption that economies have to grow.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=273.47,278.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what they mean of course by growing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=278.56,280.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is growing according to the traditional measures","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=280.82,285.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of gross national product or gross domestic product","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=285.3,288.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whichever makes their numbers come out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=288.9,291.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"looking more favorable.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=291.84,294.323"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And basically as many of you know","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=295.42,298.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the GNP was put into use widely","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=298.29,303.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/75","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"during world War II in order to maximize war production","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=303.36,308.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/76","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the expense of the civilian economy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=308.58,311.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/77","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and so it's not surprising that GNP values,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=311.5,316.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/78","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"bombs, and bullets are taxed very highly","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=316.46,320.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/79","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"while setting at zero the value of our children","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=320.05,324.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/80","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the value of the environment.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=324.71,326.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/81","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what's interesting to me","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=326.7,328.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/82","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that there was no re-examination","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=328.22,332.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/83","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of whether the gross national product","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=332.23,334.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/84","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was a really good scorecard of success","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=334.36,337.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/85","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as we moved into the future.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=337.33,339.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/86","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, we're on this kind of treadmill today","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=339.36,342.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/87","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where we have GNP measure national accounting systems,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=342.1,346.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/88","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and because they're so narrow,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=346.5,348.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/89","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they don't include environmental costs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=348.76,352.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/90","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and many social costs, they naturally build up","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=352.14,355.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/91","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a hidden backlog of these social costs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=355.19,358.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/92","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this increases the costs of pollution control,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=358.58,362.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/93","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of dealing with unemployment, dealing with crime","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=362.5,366.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/94","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and inner cities that are not functioning,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=366.49,371.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/95","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this in turn increases the need for local taxes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=373.07,377.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/96","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to try to deal with these kinds of problems,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=377.2,379.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/97","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and in many cases at the national level","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=379.93,382.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/98","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it begins to create deficits or lead to inflation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=382.5,387.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then you get a sort of tragic situation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=387.28,391.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where states begin to compete with each other","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=391.11,394.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/101","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by even deregulating further","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=395.48,398.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and thus increasing the social and environmental costs,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=398.74,402.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in order to try to attract industry and create jobs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=402.02,406.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And finally, as the whole situation gets worse,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=406.94,411.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the economists tell the politicians,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=411.22,414.287"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Well, what you need to do is to call","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=414.287,417.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for more economic growth, and then you're back","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=417.54,420.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"around the treadmill again.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=420.58,423.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in a sense we saw the same thing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=423.37,425.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/110","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"happening in this recent election,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=425.96,428.543"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/111","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as we do in almost every election anywhere in the world,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=429.54,432.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all the politicians are calling for economic growth,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=432.87,436.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the rather narrow economic view","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=436.51,440.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of macro economic management tools","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=440.78,444.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that the politicians are told,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=444.93,448.277"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"If you can keep unemployment down,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=448.277,450.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and if you can keep inflation down,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=450.66,452.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and deficits down, and interest rates down,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=452.56,455.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can get reelected.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=455.59,457.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what's been happening in more and more countries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=457.45,460.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all over the world, is that politicians","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=460.48,463.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who make these kinds of promises,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=463.66,466.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they're going to keep all four","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=466.1,467.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of these parameters of distress down at the same time","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=467.92,472.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have begun to sound sillier and sillier,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=472.84,476.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/126","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because most people intuit that you cannot keep","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=476.37,481.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/127","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all of those four variables down at the same time,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=481.55,485.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can push one down and the other three get worse,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=485.49,488.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and of course now we have the problem","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=488.32,489.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with trade balances too.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=489.73,491.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the reason that macro economic management","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=491.87,496.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on this kind of very narrow model doesn't work anymore,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=496.37,501.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that the real system looks like that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=501.09,503.336"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=503.336,505.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And all of these variables are now interlinked","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=505.6,509.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and riding on this global rollercoaster","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=510.65,514.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the world economy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=514.26,516.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this has changed the game for everybody,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=516.61,519.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, you just have to look at what point Mr. Greenspan","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=519.07,522.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has to deal with, you know, he would like","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=522.01,523.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to lower interest rates more to try","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=523.86,527.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to push the economy into some growth,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=527.01,529.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but if you do that there'll be","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=529.66,532.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a further flight from the dollar,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=532.52,534.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and if they raise interest rates","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=534.93,538.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to keep the currency reasonably stable","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=538.44,541.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and keep investors investing in our bonds,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=541.81,544.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then you will deepen the depression","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=544.6,546.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or the recession or whatever you wanna call it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=546.88,549.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, all of these interlinked factors","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=549.18,551.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as we saw with the currency crisis","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=551.98,554.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Europe three weeks ago,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=554.19,556.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"mean that there really isn't any such thing anymore","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=556.04,560.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as economic textbooks tell us,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=560.01,562.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that is a domestic economy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=562.06,565.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no such thing as a domestic economy anymore.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=565.51,568.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the speed with which the global financial system","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=568.67,573.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is operating now has pretty much invalidated economic theory","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=577.27,582.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in terms of the two major tools","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=582.93,585.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of macro economic management,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=585.31,587.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"monetary policy, and fiscal policy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=587.05,589.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, I like to just show people this diagram,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=589.88,594.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this is a picture of space junk","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=596.94,601.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is orbiting around this planet,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=602.23,605.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and there was a study done","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=605.17,608.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the Office of Technology Assessment last year,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=608.33,611.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and to me, this is just a perfect example","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=611.3,613.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the kind of world we're now going into,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=613.86,615.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/169","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a totally different kind of world","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=615.95,619.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/170","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where all our assumptions is going to have to change.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=619.15,622.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the most important assumption I think,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=622.61,626.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that we can have this","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=626.52,628.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"global national economic competition,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=628.1,631.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a world like this we're going","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=631.84,633.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to have to do more and more cooperating.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=633.89,636.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what the OTA report said was","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=636.33,640.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that if the spacefaring nations don't get together","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=640.3,643.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to prevent more of this space junk from getting out there,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=643.68,647.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"most of it is jettison rocket boosters","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=647.55,650.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and all of this sort of thing,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=650.03,652.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that by the year 2000, most of the useful low orbits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=652.08,656.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where we have our communication satellites will be unusable.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=656.89,661.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, in a sense, the old model\n(papers flipping)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=661.79,665.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of competing nation states,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=665.54,667.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the kind of economic competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=667.94,671.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that everybody has been talking about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=671.92,673.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in this last election campaign,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=673.8,676.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is going to have to be the modified,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=676.75,678.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because we can't go on with nothing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=678.57,681.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but global economic competition.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=681.59,684.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so, what I've been saying for the last 10 years or so,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=684.65,689.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that we are in an era of global interdependence,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=689.19,694.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the great globalization forces of work,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=694.69,699.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm just pointing out six,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=699.3,702.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you could come up with some others,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=702.29,704.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we all know them pretty well now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=704.22,707.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The globalization of industrialism itself and of production","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=707.02,712.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where you don't know whether a car","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=712.03,713.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with an American label on it was actually manufactured","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=713.9,718.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Taiwan or Europe or wherever.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=718.47,721.263"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The second grade globalization is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=722.1,724.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of course of the financial community,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=724.53,727.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and up to about a trillion dollars worth of currencies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=727.19,732.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"now slosh around this planet every 24 hours","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=732.78,736.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"completely swamping trade statistics,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=736.74,741.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, all this bilateral trade statistics","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=741.14,743.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/207","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are completely lost in these financial flows,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=743.44,746.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/208","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this is why we can't do monetary policy anymore","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=746.63,749.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because governments don't even know","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=749.45,752.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what the monetary aggregate that they're working with","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=752.3,755.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is anymore because of these enormous flows in and out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=755.1,758.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And as we saw in Europe about three weeks ago,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=758.93,763.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if these global currency speculators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=765.12,768.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"really care to make an attack on sterling,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=768.05,770.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or the franc, or the dollar, or whatever,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=770.8,773.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they can bring central banks to their knees in 48 hours.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=773.72,778.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, Britain I think spent about $5 billion","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=778.54,783.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"trying to defend the pound before they finally dropped out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=783.45,786.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the European exchange rate mechanism,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=786.59,789.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then sterling fell another 15% after that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=789.82,792.733"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the next week there was an attack on the frank,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=793.86,797.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the French Central Bank was in equally serious trouble.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=797.23,802.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, there's another implication I think that we all realize","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=802.55,807.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from this globalization of finance,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=807.67,810.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that is that money and information now","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=810.55,813.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have really become equivalent,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=813.17,814.863"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean money has become blips of information","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=817.641,821.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on thousands of computer traders screens.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=822.27,824.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And now if you have the information","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=824.91,828.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's as good as having the money,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=828.05,829.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and sometimes you're better off having the information,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=829.38,832.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the money is following the information.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=832.22,834.303"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The third great globalization which has changed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=835.94,838.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the game for everybody is the globalization of work,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=838.56,841.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and employment, and migration.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=841.34,843.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we see this every day where companies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=843.18,846.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"go all over the world looking for cheaper labor forces,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=846.99,850.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the same time populations are migrating across borders,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=850.36,854.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether it's people in Eastern Europe","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=854.3,855.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"trying to get better jobs in West 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Haiti","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=905.36,908.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where people are willing to work for 50 cents a day.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=908.07,911.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so all the legislators began to turn 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Union,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=981.55,985.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/279","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are all out there flogging arms all over the world,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=985.78,989.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/280","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it's a very dangerous 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tax","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1008.77,1013.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/287","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and being given to humanitarian purposes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1013.29,1015.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/288","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and 75% of Americans think that's a very good 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one.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1040.85,1045.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/295","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But anyway, this whole consumption pattern","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1047.15,1050.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/296","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are from the West, which is clearly 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countries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1067.64,1071.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/301","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and industries that began to accelerate in the late 1980s,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1071.56,1076.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/302","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the first thing that went by the board as we all know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1077.76,1081.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/303","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was the loss of national sovereignty.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1081.96,1084.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/304","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so it isn't any wonder, is it that leaders everywhere","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1084.78,1088.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/305","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the world sound sillier and sillier","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1088.26,1091.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/306","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all promising to manage their domestic economies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1091.21,1094.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/307","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and all of that stuff where everybody knows","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1094.89,1097.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/308","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they no longer control the levers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1097.1,1101.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/309","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would enable them to do those things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1101.09,1103.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/310","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so at the same time we have this acceleration","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1103.54,1106.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/311","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the irreversibility of all of these changes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1106.81,1110.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/312","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the same time while everybody","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1110.77,1113.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is still using macro economic management models","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1113.25,1116.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which assume that things are going to return to equilibrium.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1116.9,1121.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/315","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So this is part of the paradigm shift","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1122.13,1125.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/316","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I think is going on now,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1125.59,1127.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/317","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it hasn't hit the economic textbooks yet,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1127.42,1132.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/318","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I think that you saw some of it happening","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1133.16,1136.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/319","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the debate this recent election","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1136.29,1139.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/320","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where they were nibbling around the edges","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1140.61,1144.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/321","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the management of the economy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1144.29,1147.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/322","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"although that hasn't yet been a really serious deep thinking","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1147.23,1151.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/323","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about why macroeconomic management can't work anymore,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1151.81,1156.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/324","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's still a very confusing and unfocused debate.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1157.58,1161.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/325","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But it seems to me basically that you cannot manage","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1161.43,1165.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/326","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"highly interactive dynamic human societies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1165.93,1170.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/327","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all riding on this rollercoaster of world trade,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1170.74,1175.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/328","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"using these kind of static models","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1175.23,1179.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/329","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of macro economic management","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1179.26,1181.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/330","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where they're expecting everything to go back to normal,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1181.48,1184.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and at some point supply and demand will be in equilibrium,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1184.66,1188.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you're always expecting the system","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1188.95,1191.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to come back to me to equilibrium","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1191.18,1192.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you're gonna be terribly shocked","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1192.89,1194.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you're in this kind of era of global turbulence.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1195.64,1200.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But it does mean that when we go beyond","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1200.3,1205.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/337","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"macro economic models and macro economic indicators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1205.74,1209.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/338","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like GNP, that we don't have to be blind blind.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1209.5,1213.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/339","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And as probably all of you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1213.65,1216.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/340","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there are a lot of very interesting new change models","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1216.62,1221.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/341","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"coming up in the sciences I'll just remind you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1221.43,1225.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/342","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of probably the most well-known at the moment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1225.69,1229.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that is Chaos theory.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1229.16,1231.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it always amuses me that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1231.18,1233.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/345","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some of my most intelligent economist friends","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1233.45,1237.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/346","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are all trying to find Chaos theorists to take to lunch,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1237.1,1241.383"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/347","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughing)\nfigure out what it is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1241.383,1243.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/348","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these guys know that they had better learn in a hurry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1243.27,1246.423"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/349","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so meanwhile, almost every industrial society","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1247.59,1252.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/350","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the world is going through a restructuring process,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1253.29,1258.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/351","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and a lot of the restructuring is accidental","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1258.26,1261.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/352","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"particularly in societies like ours","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1261.73,1264.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/353","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where the assumption is that God's gonna do it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1264.01,1268.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/354","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that we don't have to intervene,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1268.27,1270.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/355","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the free market can take care of the restructuring.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1270.28,1273.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/356","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so, what I find and I'm putting","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1273.66,1277.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/357","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"my hat on now as an investor,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1277.06,1279.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/358","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm on the board of the Calvert Social Investment Fund","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1279.53,1282.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/359","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which some of you may have heard of,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1282.78,1284.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/360","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is a mutual fund where we don't invest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1284.34,1287.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/361","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in companies that are engaged in military production,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1287.82,1292.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/362","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or have bad environmental records,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1292.14,1295.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/363","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or who are unfair to workers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1295.04,1297.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/364","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or do business in South 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farming,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1347.92,1352.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/379","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"extractive industries, fossil fuels,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1352.94,1356.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/380","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"nuclear energy, shopping centers, the whole list 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utilities","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1381.102,1385.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/387","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to help them conserve electricity,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1385.62,1389.113"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/388","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there are companies in recycling,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1390.33,1392.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/389","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and companies in solar and renewable energy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1392.39,1395.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/390","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and communications, in organic agriculture,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1395.62,1400.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/391","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in health promotion rather than high tech medicine,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1401.16,1406.113"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/392","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're in the restorative industries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1407.83,1410.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/393","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"involved in reforestation, they are natural foods,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1410.33,1415.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/394","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and many of these companies have done very well for us,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1415.12,1420.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/395","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you find it's a very similar pattern","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1420.4,1423.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/396","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Europe and Japan.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1423.3,1424.903"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/397","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, basically let's look...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1426.29,1429.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/398","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is the way I view an economy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1430.29,1435.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/399","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you know the economists","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1435.04,1436.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/400","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are always talking about the pie,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1436.37,1438.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/401","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so I tried to look at the total productive society","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1438.66,1442.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/402","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as a three layer cake with icing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1442.17,1444.373"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/403","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And most economists their model would represent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1445.76,1450.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/404","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like the top two layers of this cake,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1450.25,1453.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/405","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, there's the private sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1453.03,1455.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/406","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is definitely the icing on the cake","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1455.41,1457.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/407","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's where the innovation goes on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1457.7,1460.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/408","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the private sector rests","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1460.21,1462.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/409","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the public sector as we all know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1462.26,1464.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/410","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"although some economists give you the 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have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1472.37,1474.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/413","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a private sector without the infrastructure","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1474.78,1478.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/414","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that underlies it, and even though we disinvested","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1478.71,1482.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/415","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so heavily in our infrastructure,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1482.36,1484.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/416","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the past 10 years we're now going","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1484.67,1486.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/417","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to have to make up for that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1486.46,1487.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/418","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there's no way you cannot invest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1487.83,1490.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/419","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in infrastructure in a complex society.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1490.84,1495.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/420","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But these two top layers of the cake","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1495.17,1498.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/421","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are really all that goes into the GNP figures.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1498.41,1503.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/422","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what economists don't 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statistics","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1754.82,1758.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/495","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of quality of life which would give a country","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1758.38,1762.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/496","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a better score card of overall 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example,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1770.766,1774.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/499","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these statistics were brought out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1774.11,1777.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/500","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the United Nations a couple of years ago,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1777.12,1780.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/501","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and if you added the value of unpaid housework","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1780.06,1784.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/502","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for example, into the GNP,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1784.33,1786.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/503","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this is how the numbers would work change,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1786.74,1789.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/504","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and of course here it's dependent on different cultures.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1789.15,1793.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/505","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now the Danes, they say that the value of housework","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1793.05,1798.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/506","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if added to Denmark's GNP would add another 50%,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1798.15,1803.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/507","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and other countries value housework differently, Norway 41%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1803.69,1808.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/508","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But in any case it just helps to give you an idea","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1810.69,1813.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/509","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of how inaccurate the GNP is.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1813.87,1817.273"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/510","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There's another indicator which was produced","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1818.3,1821.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/511","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by a friend of mine at the World Bank,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1821.27,1823.593"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/512","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"called the ISEW, The Index of Sustainable Economic Welfare,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1824.63,1829.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/513","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and he redid the numbers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1830.47,1834.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/514","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"subtracting some of the social and environmental costs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1834.93,1839.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/515","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from GNP over the years and shows more of a net GNP.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1839.03,1844.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/516","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this is the GNP we look","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1846.13,1848.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/517","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as if we're doing awfully well here,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1848.37,1850.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/518","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but of course we're not only sweeping","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1850.73,1853.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/519","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all those social and environmental costs under the rug,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1853.72,1856.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/520","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we're actually adding in the cost of cleaning up","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1856.49,1860.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/521","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as if it was more useful production.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1860.4,1862.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/522","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So that's what GNP look like,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1862.52,1864.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/523","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this is what various calculations of his ISEW look like,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1864.91,1869.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/524","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where you subtract those social and environmental costs,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1871.56,1875.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/525","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you see it's a very different kind of a picture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1875.46,1879.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/526","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, the United Nations has come out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1879.09,1881.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/527","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with its own new scorecard of wealth and progress","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1881.67,1885.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/528","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"called the HDI, the Human Development Index.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1885.73,1890.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/529","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And just to show you some of the valuations","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1891.49,1894.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/530","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they've done, they come up with one","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1894.43,1897.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/531","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sort of aggregated number,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1897.68,1899.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/532","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they do rank countries in the same way that GNP does,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1899.58,1904.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/533","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the Human Development Index ranking","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1904.72,1908.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/534","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for example of the US economy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1908.41,1910.453"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/535","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it goes from number six to about number 18,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1911.38,1915.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/536","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they are subtracting for various human distress","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1915.86,1920.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/537","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these kinds of social costs I'm beginning to talk about,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1922.15,1924.963"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/538","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which GNP doesn't take into account,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1926.21,1929.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/539","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and are really social costs of trying to maximize","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1929.54,1934.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/540","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the GNP measured view of progress.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1934.13,1937.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/541","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they look at drugs, and unemployment,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1937.26,1941.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/542","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"pollution, murder,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1941.83,1945.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/543","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"suicide, prisoners,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1945.0,1948.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/544","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they have another index too,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1948.76,1951.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/545","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"military versus civilian budget ratio.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1951.36,1954.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/546","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so these kinds of evaluations and these new score cards,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1954.89,1959.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/547","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think are going to be adopted quite widely","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1960.66,1964.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/548","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by many countries in over the next decade.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1964.37,1968.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/549","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it's interesting, if you look","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1968.81,1970.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/550","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at what happened to the United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1970.54,1973.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/551","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"particularly over the last 10 years or so,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1974.84,1978.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/552","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where we were if you remember in the 1980s,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1978.26,1981.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/553","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we were all told everything was great,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1981.29,1983.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/554","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the GNP was going up, the stock market was going up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1983.5,1986.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/555","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"hooray, hooray, it was morning in America again,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1986.79,1991.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/556","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and yet if you looked at some of the overlooked fundamentals","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1991.42,1996.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/557","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which we didn't have indexes, there were no dials there","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1996.23,1999.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/558","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the instrument panel to tell us what was happening","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=1999.56,2003.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/559","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to these other kind of indexes of progress.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2003.0,2006.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/560","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so what happened, we weren't watching","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2006.48,2009.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/561","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our literacy rates, and we began to lag","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2009.88,2014.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/562","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in our investments in education,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2014.24,2016.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/563","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and our literacy rates in the US dropped to 80%,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2016.9,2021.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/564","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they are now below Iraq's literacy rates, Iraq's is 82%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2021.26,2026.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/565","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now of course we don't admit this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2026.7,2028.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/566","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we still tell the United Nations,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2028.27,2031.073"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/567","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it's something like 96%,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2032.04,2034.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/568","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but almost everybody on Capitol Hill","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2034.12,2037.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/569","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will agree it's more like 80%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2037.65,2040.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/570","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then we weren't watching the energy sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2040.05,2043.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/571","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if you remember all during the 1980s","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2043.2,2045.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/572","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we began to lose on the energy efficiency","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2045.55,2049.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/573","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we've been making progress on in the late 70s.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2049.65,2053.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/574","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so it still takes us two and a half 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friends.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2060.36,2064.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/577","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, we have become fundamentally uncompetitive","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2064.82,2069.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/578","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in many of these ways, I mean the health sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2069.85,2072.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/579","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that got a lot of attention in the election,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2072.51,2075.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/580","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we all know the figures now 12% of our GNP,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2075.82,2080.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/581","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and yet we're not producing any better life expectancy rates","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2081.25,2085.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/582","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or infant mortality rates","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2085.03,2086.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/583","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than the Japanese who only spend half","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2086.47,2089.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/584","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of what we do on healthcare.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2089.12,2092.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/585","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then our waste management so-called,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2092.08,2096.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/586","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we were still throwing 90% of all raw materials away","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2096.15,2100.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/587","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into landfills, where they would end up","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2100.23,2102.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/588","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"polluting the groundwater which we then have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2102.7,2104.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/589","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to spend a tremendous amount of money trying to clean up.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2104.84,2107.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/590","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, how can we compete with countries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2107.91,2110.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/591","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that take 50%, 60% of their materials","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2110.72,2114.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/592","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and recycle it right back into the production process?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2114.98,2118.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/593","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Of course we can't compete with them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2118.28,2120.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/594","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the kind of environmental costs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2120.63,2124.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/595","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and resource depletion rates in the US","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2124.27,2126.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/596","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have been fostered very much by our tax code,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2126.92,2130.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/597","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where we had such things as oil depletion allowances","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2130.59,2133.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/598","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where we should have oil depletion taxes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2133.61,2136.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/599","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so we were very vulnerable in that way too,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2136.49,2141.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/600","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then of course we let our infrastructure go to part.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2142.02,2146.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/601","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it's very interesting there again,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2146.21,2148.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/602","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the problem was that GNP does not carry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2148.43,2152.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/603","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"infrastructure on the books, it's sort of amazing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2152.11,2156.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/604","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But can you imagine trying to run a company","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2156.0,2158.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/605","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like that if you don't have a capital asset account?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2158.31,2161.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/606","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so naturally because we don't carry infrastructure","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2161.35,2164.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/607","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the national accounts, it looks like maintaining it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2164.85,2168.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/608","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is throwing money down a rat hole,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2168.8,2170.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/609","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it was the same reason that we let","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2170.88,2174.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/610","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our education investments go 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do,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2181.73,2183.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/613","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the GNP it's all mixed up with costs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2183.61,2186.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/614","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this is another thing that got clarified","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2186.4,2189.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/615","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in this past election, the Clinton people did put over","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2189.3,2194.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/616","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the point that there was a 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consumption","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2201.34,2204.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/619","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or giving people a tax cut or something like that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2204.59,2207.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/620","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, there was a certain amount of 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split,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2224.22,2229.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/625","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the old short view which sort of peaked in the 1980s","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2230.64,2235.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/626","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where everybody was into greed,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2236.1,2239.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/627","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and speculation, and borrowing, and leveraged buyouts,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2239.5,2242.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/628","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and naturally we ended up with all this debt financing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2242.97,2247.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/629","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in every sector and the lifestyles of the rich and famous,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2247.06,2250.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/630","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that whole value system seems to be peeking out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2250.47,2255.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/631","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in many industrial countries now,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2255.49,2257.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/632","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because it's simply is not sustainable.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2257.71,2260.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/633","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know whether you've seen those t-shirts,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2260.59,2263.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/634","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"although I've seen some places that I go,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2263.76,2267.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/635","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it say \"Die yuppie scum,\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2267.53,2270.637"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/636","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(chuckles)\nit's a little extreme.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2270.637,2273.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/637","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But what is happening in many societies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2273.22,2276.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/638","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the long view is beginning to come back,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2276.95,2280.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/639","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the whole idea that we can't beyond","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2280.89,2285.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/640","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"such a short time horizon, and we're gonna have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2285.36,2288.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/641","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to start investing for the term.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2288.45,2291.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/642","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this is even creeping into wall street now,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2291.86,2294.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/643","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and people are trying to figure out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2294.51,2295.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/644","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"how to do venture capital that's more patient,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2295.73,2299.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/645","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and allows entrepreneurs a little bit more time","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2299.37,2302.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/646","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to do what they have to do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2302.48,2304.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/647","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And particularly where I have been involved","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2304.37,2309.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/648","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is in this socially responsible investing movement.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2309.06,2312.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/649","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And when we first started our fund back in 1982,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2312.3,2316.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/650","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all the people on wall street thought","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2318.12,2319.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/651","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we were absolutely crazy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2319.87,2321.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/652","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they said that if you invest for the long term","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2321.09,2325.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/653","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you're trying to look at these companies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2325.09,2328.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/654","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that part of making a healthier economy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2328.5,2333.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/655","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"over the long run you're gonna lose your shirt.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2334.05,2336.473"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/656","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And instead of course we found","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2337.58,2339.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/657","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that there really were companies out there","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2339.19,2341.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/658","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that were going to be part of the economy of the future,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2341.86,2345.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/659","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and there were a lot of investors out there too","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2345.18,2348.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/660","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who cared about their grandchildren","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2348.57,2350.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/661","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and didn't want them to inherit a terrible mess","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2350.75,2354.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/662","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and a $4 trillion budget deficit.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2354.64,2359.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/663","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so, in a sense this will give you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2359.02,2363.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/664","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"an example of how this kind of longer term","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2364.78,2369.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/665","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"valuation of investments on wall street has been proceeding.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2369.17,2374.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/666","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And here we are back in 1984 with","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2374.73,2378.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/667","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"40 billion and $1,991,625 billion was invested","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2378.3,2383.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/668","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with these kinds of longer term evaluations,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2386.16,2390.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/669","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so we're very happy about that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2390.51,2392.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/670","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there are funds like ours now","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2392.16,2394.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/671","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that have been spawned all over Europe,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2394.11,2396.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/672","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and in Australia, and New Zealand, and other places.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2396.34,2400.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/673","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And basically what we've been trying to do","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2400.64,2403.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/674","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is to show the difference between speculating and investing,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2403.52,2408.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/675","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and our criteria really is which companies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2408.38,2412.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/676","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would we like to see in our grandchild's portfolio.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2412.94,2417.031"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/677","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what's really encouraging is to find","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2417.031,2420.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/678","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there's so many investors out there","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2420.22,2422.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/679","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who are willing to invest in that way,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2422.52,2425.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/680","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, we just had a shareholders meeting","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2425.38,2427.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/681","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we asked our shareholders whether they would let us","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2427.88,2432.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/682","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"put 1% of the portfolio, we now have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2433.17,2436.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/683","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about 1 billion dollars under management,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2436.15,2438.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/684","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether they would let us put 1% of the portfolio","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2438.87,2442.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/685","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into below market kind of high social impact investments","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2442.28,2447.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/686","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like these Micro Loan Programs for microenterprises","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2449.51,2453.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/687","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on Indian reservations and in inner cities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2453.67,2458.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/688","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it was just thrilling to find","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2459.57,2462.178"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/689","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that our stockholders said, \"Yes great,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2462.178,2466.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/690","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we want you to put double not just 1%","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2466.24,2469.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/691","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but 2% of the portfolio into that.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2469.33,2471.834"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/692","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so, in a sense we have really discovered a new market,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2471.834,2476.834"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/693","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this old part of the value change","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2476.9,2479.649"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/694","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that seems to be going on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2479.649,2482.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/695","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, I've been developing a new kind of GNP","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2482.37,2487.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/696","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which I call Country Futures Indicators, CFI,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2487.92,2492.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/697","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and basically, I began with all the ways","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2492.82,2496.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/698","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the GNP needs to be corrected and reformulated,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2496.81,2501.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/699","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and some of them now are beginning to be adopted already.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2501.87,2506.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/700","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Going from accounting for GNP in her capita income","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2506.24,2511.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/701","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"stated in currency, as you know that now the currencies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2512.18,2515.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/702","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are all fluctuating so wildly,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2515.92,2518.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/703","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that most countries now are using","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2518.5,2520.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/704","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"something called Purchasing Power Parity,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2520.65,2523.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/705","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where you go back to looking at time instead of money,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2523.18,2528.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/706","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in other words how many hours does a Russian have to work","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2528.47,2533.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/707","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to earn a loaf of bread,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2533.59,2535.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/708","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"versus how many hours does the Japanese","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2535.21,2537.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/709","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have to work to earn a bowl of rice,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2537.27,2540.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/710","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"getting back to the real world.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2540.76,2543.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/711","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then very important correcting the GNP","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2543.37,2547.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/712","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for income distribution, because what happens","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2547.52,2550.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/713","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when you average out incomes per capita,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2550.57,2553.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/714","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you don't notice if your poverty gap is getting wider,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2553.74,2557.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/715","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and in many cases really all over the world as GNP goes up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2557.87,2562.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/716","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"poverty gaps have been getting wider,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2562.51,2564.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/717","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and so you need to watch the poverty gap,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2564.7,2568.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/718","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the same time you watching the average income.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2568.59,2573.233"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/719","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then a community-based accounting,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2574.29,2577.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/720","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the moment GNP is all constructed on enterprises,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2577.45,2582.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/721","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that's part of the problem.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2583.1,2585.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/722","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you don't also have community kind of accounting","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2585.77,2589.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/723","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where you can capture all of the costs and benefits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2589.93,2593.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/724","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"say within a whole city or a whole state,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2593.6,2596.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/725","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you can look at those costs and benefits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2596.94,2600.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/726","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and trade-offs those environmental costs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2600.61,2602.617"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/727","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the social cost and see them all","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2602.617,2604.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/728","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the balance sheet together,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2604.3,2606.423"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/729","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you cannot really get a good idea of whether","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2607.41,2611.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/730","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you're really making progress,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2611.04,2613.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/731","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or you're just making progress in one sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2613.6,2616.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/732","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and sweeping costs underneath the rug","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2616.0,2618.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/733","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that are gonna come back and haunt you later.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2618.54,2621.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/734","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then you have to add in the informal economy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2621.45,2625.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/735","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all of the unpaid work,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2625.66,2627.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/736","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because when it's such a large amount of the total,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2627.86,2631.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/737","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there's almost no way to look at jobs and employment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2631.59,2635.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/738","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"without counting in self-employed people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2635.74,2639.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/739","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the kind of work that people do for themselves,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2644.62,2647.713"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/740","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like growing their own food,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2649.02,2650.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/741","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and making their own repairs, and all of those things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2650.6,2654.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/742","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then you need to deduct","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2654.87,2657.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/743","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the social and environmental costs,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2657.28,2660.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/744","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"rather than adding them in to the GNP","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2660.29,2663.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/745","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is a sort of double counting.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2663.58,2666.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/746","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And you have to account for the depletion","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2666.06,2668.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/747","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of nonrenewable resources,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2668.75,2670.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/748","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and there many ways and formulas for doing that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2670.65,2673.563"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/749","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You need an energy to GDP ratio or GNP ratio","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2674.49,2679.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/750","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so that you see whether you're doing well","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2679.42,2681.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/751","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the energy efficiency side","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2681.87,2684.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/752","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as well as just looking at the output.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2684.74,2689.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/753","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then a military civilian budget ratio","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2689.0,2692.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/754","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so that countries can be compared","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2692.33,2695.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/755","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by how well they are dealing with conflicts","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2695.95,2700.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/756","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"without resorting to just buying lots and lots of arms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2700.29,2703.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/757","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which we're all beginning to realize","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2703.81,2705.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/758","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these very few problems can actually be solved","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2705.74,2708.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/759","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the world with Scud missiles or Patriots,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2708.36,2712.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/760","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think we're all beginning to realize that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2712.5,2715.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/761","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Then, most important and I'm certainly hoping","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2715.55,2719.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/762","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the Clinton administration","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2719.38,2720.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/763","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is going to work on this one,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2720.84,2722.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/764","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"having a capital asset account","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2722.93,2725.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/765","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so that we carry all of that infrastructure on the books,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2725.26,2729.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/766","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then we'll pay proper attention to maintaining it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2729.25,2733.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/767","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we'll have a sort of net worth statement.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2733.15,2736.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/768","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if we had done that, we would have noticed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2736.41,2740.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/769","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that all through the 1980s,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2740.79,2743.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/770","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the US based on net worth, was declining compared","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2743.04,2748.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/771","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with all of the other countries of the G7,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2748.73,2751.113"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/772","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because we were disinvesting in our infrastructure.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2752.16,2756.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/773","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, a lot of the G7 countries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2756.13,2759.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/774","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because of the vagaries of GNP accounting","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2759.62,2763.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/775","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"were doing something which was equally","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2763.58,2765.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/776","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"poor accounting practice,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2766.71,2768.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/777","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that was for example in Britain","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2768.56,2771.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/778","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where Mrs. Thatcher went in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=2771.09,2772.853"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27313/annotation/779","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/027/313/original/AV204119_Re_Defining_Wealth_and_Progress_a.vtt?1622143570","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/027/313/original/AV204119_Re_Defining_Wealth_and_Progress_a.vtt?1622143570"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27314","type":"AnnotationPage","label":{"en":["AV204119_Re_Defining_Wealth_and_Progress_a.txt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594/transcript/27314/annotation/780","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"- Good evening, I'd like to welcome you all to the final lecture of this year's Institute on world affairs. Before we begin, we would like to invite anybody interested in planning next year's Institute to a planning meeting Monday, November 9th at 4:00 PM in the Pine room. Hazel Henderson is an independent futurist and inter disciplinary policy researcher, she has spent six years on the Advisory Council to the US Congress Office of Technology Assessment, and is a consultant on the Alternative Development Policy in over 30 countries. She has written over 200 journal articles, and her books include \"Creating Alternative Futures\", \"The Politics of The Solar Age\" and \"Paradigms in Progress\", this is a copy of her new book. Ladies and gentlemen, Hazel Henderson.\r\n\r\n- Good evening. Now, I'm just wondering whether we could have the lights down 'cause I want to use this projector, can somebody put these lights down a little? So, Redefining Wealth and Progress. I have approached economics really as an outsider, and I've tried to look at the different ways that economists look at the world from the way futurists or systems theorists look at the world. Now I think I may need help with this. And basically economists base most of their models on past data, whereas futurists tend to construct scenarios looking at trends and how they're going to interact in the future. Economists assume equilibrium, and in the concreting sort of hurricane of global change going on in the world, this seems to be a little unrealistic. Futurist and systems theorists basically see human societies and ecosystems in a state of constant disequilibrium, so it's a very different view of the world. Economists as you know, always assume that at some point things are gonna come get back to normal, and I think this is where futurists take a very different approach, we do not ever expect anything to get back to normal, we think that societies are evolving all the time. And I won't go all the way through this list because I'm sure that you've been discussing some of these differences this week. I think probably one of the most interesting assumptions that economists make which many people from other disciplines don't share, is the idea that human beings are only behaving rationally when they are being individualistic and competitive with each other. And as you know in the economic textbooks, co-operative caring-sharing kind of behavior is actually considered irrational. So, this just might give you some examples of... By the way I look at the world rather differently. So I've focused a lot of my attention on the whole assumption that economists make, that the goal of societies is that of economic growth, and in a sense we are really trapped, almost every country in the world is trapped now in this assumption that economies have to grow. And what they mean of course by growing is growing according to the traditional measures of gross national product or gross domestic product whichever makes their numbers come out looking more favorable. And basically as many of you know the GNP was put into use widely during world War II in order to maximize war production at the expense of the civilian economy, and so it's not surprising that GNP values, bombs, and bullets are taxed very highly while setting at zero the value of our children and the value of the environment. And what's interesting to me is that there was no re-examination of whether the gross national product was a really good scorecard of success as we moved into the future. So, we're on this kind of treadmill today where we have GNP measure national accounting systems, and because they're so narrow, and they don't include environmental costs and many social costs, they naturally build up a hidden backlog of these social costs. And this increases the costs of pollution control, of dealing with unemployment, dealing with crime and inner cities that are not functioning, this in turn increases the need for local taxes to try to deal with these kinds of problems, and in many cases at the national level it begins to create deficits or lead to inflation. And then you get a sort of tragic situation where states begin to compete with each other by even deregulating further and thus increasing the social and environmental costs, in order to try to attract industry and create jobs. And finally, as the whole situation gets worse, the economists tell the politicians, \"Well, what you need to do is to call for more economic growth, and then you're back around the treadmill again.\" And in a sense we saw the same thing happening in this recent election, as we do in almost every election anywhere in the world, all the politicians are calling for economic growth, and the rather narrow economic view of macro economic management tools is that the politicians are told, \"If you can keep unemployment down, and if you can keep inflation down, and deficits down, and interest rates down, you can get reelected.\" And what's been happening in more and more countries all over the world, is that politicians who make these kinds of promises, that they're going to keep all four of these parameters of distress down at the same time have begun to sound sillier and sillier, because most people intuit that you cannot keep all of those four variables down at the same time, you can push one down and the other three get worse, and of course now we have the problem with trade balances too. And the reason that macro economic management on this kind of very narrow model doesn't work anymore, is that the real system looks like that. And all of these variables are now interlinked and riding on this global rollercoaster of the world economy. And this has changed the game for everybody, I mean, you just have to look at what point Mr. Greenspan has to deal with, you know, he would like to lower interest rates more to try to push the economy into some growth, but if you do that there'll be a further flight from the dollar, and if they raise interest rates to keep the currency reasonably stable and keep investors investing in our bonds, then you will deepen the depression or the recession or whatever you wanna call it. So, all of these interlinked factors as we saw with the currency crisis in Europe three weeks ago, mean that there really isn't any such thing anymore as economic textbooks tell us, and that is a domestic economy, no such thing as a domestic economy anymore. And the speed with which the global financial system is operating now has pretty much invalidated economic theory in terms of the two major tools of macro economic management, monetary policy, and fiscal policy. So, I like to just show people this diagram, this is a picture of space junk which is orbiting around this planet, and there was a study done by the Office of Technology Assessment last year, and to me, this is just a perfect example of the kind of world we're now going into, a totally different kind of world where all our assumptions is going to have to change. And the most important assumption I think, is that we can have this global national economic competition, in a world like this we're going to have to do more and more cooperating. And what the OTA report said was that if the spacefaring nations don't get together to prevent more of this space junk from getting out there, most of it is jettison rocket boosters and all of this sort of thing, that by the year 2000, most of the useful low orbits where we have our communication satellites will be unusable. So, in a sense, the old model of competing nation states, and the kind of economic competition that everybody has been talking about in this last election campaign, is going to have to be the modified, because we can't go on with nothing but global economic competition. And so, what I've been saying for the last 10 years or so, is that we are in an era of global interdependence, and the great globalization forces of work, I'm just pointing out six, you could come up with some others, but we all know them pretty well now. The globalization of industrialism itself and of production where you don't know whether a car with an American label on it was actually manufactured in Taiwan or Europe or wherever. The second grade globalization is of course of the financial community, and up to about a trillion dollars worth of currencies now slosh around this planet every 24 hours completely swamping trade statistics, I mean, all this bilateral trade statistics are completely lost in these financial flows, and this is why we can't do monetary policy anymore because governments don't even know what the monetary aggregate that they're working with is anymore because of these enormous flows in and out. And as we saw in Europe about three weeks ago, if these global currency speculators really care to make an attack on sterling, or the franc, or the dollar, or whatever, they can bring central banks to their knees in 48 hours. I mean, Britain I think spent about $5 billion trying to defend the pound before they finally dropped out of the European exchange rate mechanism, and then sterling fell another 15% after that, the next week there was an attack on the frank, and the French Central Bank was in equally serious trouble. So, there's another implication I think that we all realize from this globalization of finance, and that is that money and information now have really become equivalent, I mean money has become blips of information on thousands of computer traders screens. And now if you have the information it's as good as having the money, and sometimes you're better off having the information, the money is following the information. The third great globalization which has changed the game for everybody is the globalization of work, and employment, and migration. And we see this every day where companies go all over the world looking for cheaper labor forces, at the same time populations are migrating across borders, whether it's people in Eastern Europe trying to get better jobs in West Europe, or Mexicans trying to come to the United States. And we found this was particularly urgent in my home state of Florida back in the mid 1980s, we were doing this study on the future of the state of Florida, and we suddenly realized that in a global labor market if Florida pursued its old economic growth game, which was basically, \"Come on down to Florida we've got cheap land, cheap labor, low taxes, few environmental regulations, and right to work laws.\" We suddenly realized that if we continue to pursuing that kind of strategy, guess who we were going to be competing against in our region of the planet, and we suddenly realized to our horror that we would be competing with Haiti where people are willing to work for 50 cents a day. And so all the legislators began to turn around and realize that that kind of recipe for economic growth, the old GNP measured economic growth was going to end up putting Florida in the hole, and we began to redefine growth as investing in people, investing in education, investing in our own home grown economy, investing in our natural resources and our environment which is our basic export. And of course all of this as you know came into the debate this last election, at last it was on the agenda. And then the fourth globalization is that of human effects on the biosphere, and I think that space junk photograph is good enough to illustrate that point. The fifth is the globalization of arm sales. And although the cold war is over and obviously Japan won, we're now in a whole new situation where everybody, the arms companies in the United States, and the ones in the old Soviet Union, are all out there flogging arms all over the world, and it's a very dangerous situation. And one of the things that is perhaps a ray of hope, is that some recent surveys that have been done by a foundation that I'm on the board of, asked the American people whether they thought that it would be a good idea to have an international tax on arms trading, with the UN collecting the tax and being given to humanitarian purposes, and 75% of Americans think that's a very good idea. The sixth globalization is that of consumption, and you all know what I mean. You know, people in Africa and Asia watching Dallas, and our Chinese friends aspiring now to the three heavens, everybody wants television, a refrigerator, and a TV, and I always forget the third one. But anyway, this whole consumption pattern are from the West, which is clearly unsustainable. So we now have this sort of situation where these forces of globalization and all of the interactions that they've created, have led to all restructurings of countries and industries that began to accelerate in the late 1980s, and the first thing that went by the board as we all know, was the loss of national sovereignty. And so it isn't any wonder, is it that leaders everywhere in the world sound sillier and sillier all promising to manage their domestic economies and all of that stuff where everybody knows that they no longer control the levers that would enable them to do those things. And so at the same time we have this acceleration and the irreversibility of all of these changes, at the same time while everybody is still using macro economic management models which assume that things are going to return to equilibrium. So this is part of the paradigm shift that I think is going on now, and it hasn't hit the economic textbooks yet, but I think that you saw some of it happening in the debate this recent election where they were nibbling around the edges that the management of the economy although that hasn't yet been a really serious deep thinking about why macroeconomic management can't work anymore, it's still a very confusing and unfocused debate. But it seems to me basically that you cannot manage highly interactive dynamic human societies all riding on this rollercoaster of world trade, using these kind of static models of macro economic management where they're expecting everything to go back to normal, and at some point supply and demand will be in equilibrium, and you're always expecting the system to come back to me to equilibrium you're gonna be terribly shocked if you're in this kind of era of global turbulence. But it does mean that when we go beyond macro economic models and macro economic indicators like GNP, that we don't have to be blind blind. And as probably all of you know, there are a lot of very interesting new change models coming up in the sciences I'll just remind you of probably the most well-known at the moment and that is Chaos theory. And it always amuses me that some of my most intelligent economist friends are all trying to find Chaos theorists to take to lunch, figure out what it is these guys know that they had better learn in a hurry. And so meanwhile, almost every industrial society in the world is going through a restructuring process, and a lot of the restructuring is accidental particularly in societies like ours where the assumption is that God's gonna do it, and that we don't have to intervene, that the free market can take care of the restructuring. And so, what I find and I'm putting my hat on now as an investor, I'm on the board of the Calvert Social Investment Fund which some of you may have heard of, which is a mutual fund where we don't invest in companies that are engaged in military production, or have bad environmental records, or who are unfair to workers, or do business in South Africa, and all of these kinds of social criteria. And the way we look at our portfolio, there is really in the United States very much obvious today but also in other countries a sort of obsolescent sector, and these are generally big fortune 500 companies that were built on all of the assumptions of the past. They were built on waste, built on advertising fueled consumption, built on non-renewable resources, weaponry, and of course we did have to do that during the cold war, they're built on non-recyclable products, and heavy use of pesticides and farming, extractive industries, fossil fuels, nuclear energy, shopping centers, the whole list here. And at the same time, we found that none of those companies fit our criteria, and so we were looking for companies on the over-the-counter market, the new companies that are coming along now that are built on energy conservation, the kind of service companies that work with utilities to help them conserve electricity, there are companies in recycling, and companies in solar and renewable energy, and communications, in organic agriculture, in health promotion rather than high tech medicine, they're in the restorative industries involved in reforestation, they are natural foods, and many of these companies have done very well for us, and you find it's a very similar pattern in Europe and Japan. So, basically let's look... This is the way I view an economy, and you know the economists are always talking about the pie, so I tried to look at the total productive society as a three layer cake with icing. And most economists their model would represent like the top two layers of this cake, you know, there's the private sector which is definitely the icing on the cake that's where the innovation goes on. But the private sector rests on the public sector as we all know, although some economists give you the impression that the public sector is sort of waste, even though we all know that you cannot have a private sector without the infrastructure that underlies it, and even though we disinvested so heavily in our infrastructure, in the past 10 years we're now going to have to make up for that, there's no way you cannot invest in infrastructure in a complex society. But these two top layers of the cake are really all that goes into the GNP figures. And what economists don't notice is the two lower layers of the cake, and the third layer down I call the love economy, and that's the 50% of all productive work which is conducted without pay. And in even in G7 kind of countries like ours and those in Western Europe and Japan, at least 50% of all production is unpaid, and there are many studies now that have shown this, whether in Canada or Europe, one of the earlier ones was done in France back in the 70s, and it found that 47% of the productive work in France was paid, and 53% was unpaid. Now, if you go to societies in the Southern hemisphere, now, developing countries off course is much larger, about 80% in most of these countries have all activities unpaid, and the GNP measured cash economy is only about 20% layer on the top. So, it really isn't surprising that economic management of societies has gone so awry if they only have a map of half the territory. And what you find now is that in many countries particularly in Latin America, they have had to start studying what they call the informal economy, the unpaid economy, because if you're in a country say like Argentina which recently has had an inflation rate of many thousand percent and the currency is almost worthless, you better start looking at the whole picture of all of the productive work that's going on whether it's unpaid or paid, in order to see what's happening. And of course the bottom layer of the productive cake is mother nature. And if we forget about nature's contribution to production, and we begin to overstress it as we've done now, then it's very, very costly, and suddenly we have to spend $30 billion cleaning up the water supply, or $100 billion cleaning up some of the radioactive waste dumps or what have you. And so, in a sense what happens if you're trying to manage your society only looking at the economic, at the cash GNP measured part of it, all of the expenditures that have to go on to ameliorate the social and environmental costs that are generated down here and kind of swept under the rug, you have an even greater absurdity, and that is that cleaning up pollution and trying to ameliorate social problems is then added to the GNP. I mean, for example the oil spill in Alaska sent the Alaskan GNP up tremendously because they added in all of the costs of cleanup, and they we're not carrying on the books, with any value at all the Prince William sound, and its healthy fisheries, and all of the livelihoods that it was providing for people. So, this is really how badly we've gone astray with GNP, and it's rather like trying to manage a complex society using GNP as your score card, is a little bit like trying to fly a Boeing 747 with nothing on the instrument panel except an oil pressure gauge, you don't have any idea if you've got any gas in the gas tank or what your altitude is, and all of these other things that you need to know. So, what I've been gathering in the last four, five years, is from around the world all kinds of other statistics of quality of life which would give a country a better score card of overall progress towards social goals, as well as merely economic goals. And for example, these statistics were brought out by the United Nations a couple of years ago, and if you added the value of unpaid housework for example, into the GNP, this is how the numbers would work change, and of course here it's dependent on different cultures. Now the Danes, they say that the value of housework if added to Denmark's GNP would add another 50%, and other countries value housework differently, Norway 41%. But in any case it just helps to give you an idea of how inaccurate the GNP is. There's another indicator which was produced by a friend of mine at the World Bank, called the ISEW, The Index of Sustainable Economic Welfare, and he redid the numbers, subtracting some of the social and environmental costs from GNP over the years and shows more of a net GNP. And this is the GNP we look as if we're doing awfully well here, but of course we're not only sweeping all those social and environmental costs under the rug, but we're actually adding in the cost of cleaning up as if it was more useful production. So that's what GNP look like, and this is what various calculations of his ISEW look like, where you subtract those social and environmental costs, and you see it's a very different kind of a picture. Now, the United Nations has come out with its own new scorecard of wealth and progress called the HDI, the Human Development Index. And just to show you some of the valuations that they've done, they come up with one sort of aggregated number, and they do rank countries in the same way that GNP does, and the Human Development Index ranking for example of the US economy, it goes from number six to about number 18, because they are subtracting for various human distress these kinds of social costs I'm beginning to talk about, which GNP doesn't take into account, and are really social costs of trying to maximize the GNP measured view of progress. And they look at drugs, and unemployment, pollution, murder, suicide, prisoners, and they have another index too, military versus civilian budget ratio. And so these kinds of evaluations and these new score cards, I think are going to be adopted quite widely by many countries in over the next decade. And it's interesting, if you look at what happened to the United States particularly over the last 10 years or so, where we were if you remember in the 1980s, we were all told everything was great, the GNP was going up, the stock market was going up, hooray, hooray, it was morning in America again, and yet if you looked at some of the overlooked fundamentals which we didn't have indexes, there were no dials there on the instrument panel to tell us what was happening to these other kind of indexes of progress. And so what happened, we weren't watching our literacy rates, and we began to lag in our investments in education, and our literacy rates in the US dropped to 80%, they are now below Iraq's literacy rates, Iraq's is 82%. Now of course we don't admit this, we still tell the United Nations, but it's something like 96%, but almost everybody on Capitol Hill will agree it's more like 80%. And then we weren't watching the energy sector. And if you remember all during the 1980s we began to lose on the energy efficiency that we've been making progress on in the late 70s. And so it still takes us two and a half times as much energy to produce a unit of our GNP as it does our Japanese friends or Western European friends. So, we have become fundamentally uncompetitive in many of these ways, I mean the health sector that got a lot of attention in the election, but we all know the figures now 12% of our GNP, and yet we're not producing any better life expectancy rates or infant mortality rates than the Japanese who only spend half of what we do on healthcare. And then our waste management so-called, we were still throwing 90% of all raw materials away into landfills, where they would end up polluting the groundwater which we then have to spend a tremendous amount of money trying to clean up. I mean, how can we compete with countries that take 50%, 60% of their materials and recycle it right back into the production process? Of course we can't compete with them. And the kind of environmental costs and resource depletion rates in the US have been fostered very much by our tax code, where we had such things as oil depletion allowances where we should have oil depletion taxes. And so we were very vulnerable in that way too, and then of course we let our infrastructure go to part. And it's very interesting there again, the problem was that GNP does not carry infrastructure on the books, it's sort of amazing. But can you imagine trying to run a company like that if you don't have a capital asset account? And so naturally because we don't carry infrastructure on the national accounts, it looks like maintaining it is throwing money down a rat hole, and it was the same reason that we let our education investments go down because we don't treat people investing in people as a useful thing to do, in the GNP it's all mixed up with costs. And this is another thing that got clarified in this past election, the Clinton people did put over the point that there was a difference between them spending money on investing in infrastructure, and spending money on current consumption or giving people a tax cut or something like that. So, there was a certain amount of education has been going on about the problems of national accounts. And I think that another thing that happened all during the 80s in many industrial countries, is you found that the value systems began to sort of split, and the old short view which sort of peaked in the 1980s where everybody was into greed, and speculation, and borrowing, and leveraged buyouts, and naturally we ended up with all this debt financing in every sector and the lifestyles of the rich and famous, that whole value system seems to be peeking out in many industrial countries now, because it's simply is not sustainable. I don't know whether you've seen those t-shirts, although I've seen some places that I go, it say \"Die yuppie scum,\" it's a little extreme. But what is happening in many societies is the long view is beginning to come back, the whole idea that we can't beyond such a short time horizon, and we're gonna have to start investing for the term. And this is even creeping into wall street now, and people are trying to figure out how to do venture capital that's more patient, and allows entrepreneurs a little bit more time to do what they have to do. And particularly where I have been involved is in this socially responsible investing movement. And when we first started our fund back in 1982, all the people on wall street thought we were absolutely crazy, and they said that if you invest for the long term and you're trying to look at these companies that part of making a healthier economy, over the long run you're gonna lose your shirt. And instead of course we found that there really were companies out there that were going to be part of the economy of the future, and there were a lot of investors out there too who cared about their grandchildren and didn't want them to inherit a terrible mess and a $4 trillion budget deficit. And so, in a sense this will give you an example of how this kind of longer term valuation of investments on wall street has been proceeding. And here we are back in 1984 with 40 billion and $1,991,625 billion was invested with these kinds of longer term evaluations, so we're very happy about that. And there are funds like ours now that have been spawned all over Europe, and in Australia, and New Zealand, and other places. And basically what we've been trying to do is to show the difference between speculating and investing, and our criteria really is which companies would we like to see in our grandchild's portfolio. And what's really encouraging is to find there's so many investors out there who are willing to invest in that way, I mean, we just had a shareholders meeting and we asked our shareholders whether they would let us put 1% of the portfolio, we now have about 1 billion dollars under management, whether they would let us put 1% of the portfolio into below market kind of high social impact investments like these Micro Loan Programs for microenterprises on Indian reservations and in inner cities. And it was just thrilling to find that our stockholders said, \"Yes great, but we want you to put double not just 1% but 2% of the portfolio into that.\" And so, in a sense we have really discovered a new market, and this old part of the value change that seems to be going on. So, I've been developing a new kind of GNP which I call Country Futures Indicators, CFI, and basically, I began with all the ways that the GNP needs to be corrected and reformulated, and some of them now are beginning to be adopted already. Going from accounting for GNP in her capita income stated in currency, as you know that now the currencies are all fluctuating so wildly, that most countries now are using something called Purchasing Power Parity, where you go back to looking at time instead of money, in other words how many hours does a Russian have to work to earn a loaf of bread, versus how many hours does the Japanese have to work to earn a bowl of rice, getting back to the real world. And then very important correcting the GNP for income distribution, because what happens when you average out incomes per capita, you don't notice if your poverty gap is getting wider, and in many cases really all over the world as GNP goes up, poverty gaps have been getting wider, and so you need to watch the poverty gap, at the same time you watching the average income. And then a community-based accounting, at the moment GNP is all constructed on enterprises, and that's part of the problem. If you don't also have community kind of accounting where you can capture all of the costs and benefits say within a whole city or a whole state, and you can look at those costs and benefits and trade-offs those environmental costs and the social cost and see them all on the balance sheet together, you cannot really get a good idea of whether you're really making progress, or you're just making progress in one sector and sweeping costs underneath the rug that are gonna come back and haunt you later. And then you have to add in the informal economy, all of the unpaid work, because when it's such a large amount of the total, there's almost no way to look at jobs and employment without counting in self-employed people and the kind of work that people do for themselves, like growing their own food, and making their own repairs, and all of those things. And then you need to deduct the social and environmental costs, rather than adding them in to the GNP which is a sort of double counting. And you have to account for the depletion of nonrenewable resources, and there many ways and formulas for doing that. You need an energy to GDP ratio or GNP ratio so that you see whether you're doing well on the energy efficiency side as well as just looking at the output. And then a military civilian budget ratio so that countries can be compared by how well they are dealing with conflicts without resorting to just buying lots and lots of arms, which we're all beginning to realize these very few problems can actually be solved in the world with Scud missiles or Patriots, I think we're all beginning to realize that. Then, most important and I'm certainly hoping that the Clinton administration is going to work on this one, having a capital asset account so that we carry all of that infrastructure on the books, and then we'll pay proper attention to maintaining it, and we'll have a sort of net worth statement. And if we had done that, we would have noticed that all through the 1980s, the US based on net worth, was declining compared with all of the other countries of the G7, because we were disinvesting in our infrastructure. Now, a lot of the G7 countries because of the vagaries of GNP accounting were doing something which was equally poor accounting practice, and that was for example in Britain where Mrs. Thatcher went in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115594#t=0.0,2777.784"}]}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595","type":"Canvas","label":{"en":["Media File 2 of 2 - 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[Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/1","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e But then you need all of these","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=5.71,7.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/2","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"kind of complimentary indicators of progress","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=7.36,11.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"toward all of the other goals that voters have.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=11.49,15.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And one of the most important is looking","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=15.6,18.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at population and whether we're reaching","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=18.45,22.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some kind of stabilization of population.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=22.45,26.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Education, looking at literacy rates","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=26.25,29.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and other kinds of indicators.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=29.75,32.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Health, nutrition, basic services, shelter,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=32.54,36.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"public safety and crime, child development,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=36.94,41.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"political participation, air and water quality,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=41.05,45.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"environmental resource depletion, biodiversity,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=45.72,49.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"species loss, as well as culture and recreation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=49.83,54.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think that more and more we're beginning","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=54.56,56.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to realize that you can create","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=56.32,59.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a very good economic development strategy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=59.26,63.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a community around cultural resources.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=63.08,67.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think Minneapolis is a good example of that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=67.64,71.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/19","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so basically what I'm trying to do","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=71.31,74.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/20","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with these indicators is not roll them all","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=74.97,78.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/21","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into one very highly aggregated number","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=78.34,81.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/22","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that nobody understands and try to turn them all","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=81.81,84.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into money coefficients like the economist want to do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=84.45,88.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm saying, let's have them all unbundled","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=88.55,91.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so that everybody can see all the different aspects","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=91.33,95.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of quality of life and progress","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=95.66,97.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that are important to us as voters.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=97.63,100.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because that way,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=100.37,101.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we can begin making politicians accountable.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=101.83,104.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if a politician says that the education precedent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=104.56,107.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"okay, let's look at the literacy rates.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=107.67,110.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Or if they're gonna do something about healthcare","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=110.09,112.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/33","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"let's watch life expectancy and mortality.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=112.54,116.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/34","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the environmentalist can watch the air","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=116.53,118.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and water quality indicators.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=118.64,121.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this way we can judge politicians","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=121.56,125.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by results rather than by all of this mumbo jumbo,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=125.73,130.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"highly aggregated macro economic statistics.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=130.57,135.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I'm happy to say that there's about 20 countries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=135.05,138.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the world that are adopting some or other aspects","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=138.12,142.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of these kind of quality of life indicators,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=142.85,145.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which I think will be the way that countries will compete","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=145.76,149.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/43","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"against each other in the future.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=149.6,151.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/44","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And when you begin to have a view beyond this mere,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=151.61,156.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/45","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"very narrow accounting system,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=158.3,161.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/46","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think then you can begin to see","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=161.25,164.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/47","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we could do a lot of things to make this a better world","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=164.05,169.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/48","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we don't think we can do","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=170.02,171.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/49","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if we only look at the GNP kind of numbers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=171.9,176.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/50","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this little diagram, I like a lot.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=176.88,181.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This each one of these squares represents a billion dollars.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=181.34,185.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this is the trillion dollars","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=185.92,189.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/53","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the world spends every year on arms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=189.7,193.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/54","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that are going all over the place.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=193.88,195.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Lord knows where they're all going.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=195.91,197.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Many of them are going in the Southern hemisphere now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=197.32,200.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And here we realize that we could solve","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=200.41,205.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"every major problem on this planet","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=205.13,209.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with less than 1/4 of the annual arm's budget.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=209.07,214.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For example, we could prevent soil erosion","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=214.35,217.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for only 24 billion a year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=217.86,220.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could provide clean, safe, renewable energy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=220.94,224.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to every country in the world for 17 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=224.66,228.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could bring every country in the world","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=228.34,230.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"up to the best energy efficiency standard","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=230.71,233.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for only 33 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=233.59,235.583"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could retire all of the debt","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=236.52,239.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the developing nations for 30 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=239.88,243.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could provide shelter for everybody","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=243.56,246.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on this planet for 21 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=246.43,249.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could prevent acid rain for 8 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=249.37,252.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could provide safe, clean water for everybody","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=252.72,255.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the planet for 50 billion and so on and so on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=255.47,259.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Eliminate starvation and malnutrition for 19 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=259.08,263.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/75","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But it's very good to see that within the context","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=263.31,267.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/76","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of how much is spent on arms each year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=267.02,270.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/77","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I think that more of us are beginning to realize","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=270.35,275.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/78","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that it is doable to work toward more of a win-win world.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=275.43,280.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/79","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that maybe in the next few years,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=281.96,284.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/80","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're going to realize that the visionaries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=284.86,288.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/81","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the idealists really are more practical","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=288.2,292.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/82","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than the so-called realists, thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=292.06,295.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/83","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience clapping)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=295.44,298.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/84","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So any comments or questions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=305.14,309.117"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/85","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, so I can't see there in the dark.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=320.07,322.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/86","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes, sir.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=322.96,324.094"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/87","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(murmurs)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=324.094,326.261"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/88","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, it's very interesting.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=329.09,330.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/89","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you look at my kind of indicators,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=330.85,335.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/90","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Costa Rica is one of the best countries in the world","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=337.92,342.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/91","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you look on the whole gamut of these kinds of indicators.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=344.88,349.207"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/92","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And of course that's partly","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=349.207,350.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/93","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they've never had an army.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=350.39,353.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/94","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so where other countries have been investing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=353.11,355.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/95","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or at least they haven't had an army since 1947.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=355.74,359.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/96","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so they've been investing in their people,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=359.67,362.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/97","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in education and health care.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=362.3,364.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/98","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They're now investing in their rain forests","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=364.7,368.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and their biodiversity and their social justice system,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=368.06,372.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and their cultural resources.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=372.55,375.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/101","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They're not at the top.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=375.89,377.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, the thing is that what I'm trying","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=377.9,379.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to get away from in my sort of indicators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=379.38,382.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is this very simplistic, competitive,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=382.73,387.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who's at the top sort of thing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=387.45,389.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because really all of these quality of life indicators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=389.32,393.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are based on culture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=393.61,396.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And each country has a different kind","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=396.84,400.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of cultural DNA if you will about what their goals are","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=400.41,405.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/110","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and what's important to them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=405.33,407.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/111","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so all of these indicators do have to be constructed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=407.6,412.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with the democratic goals of that society.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=412.9,416.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so they're not always going to be completely comparable","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=416.19,420.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but what I'm really hoping to do with this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=420.2,423.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"rather than having yet another set of numbers come out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=423.83,428.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where we say this country is the top.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=429.25,431.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What I'm hoping to do is to do a TV show","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=431.88,435.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which we'll call the Country Scorecard Show.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=436.76,440.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Where we can just every week look","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=440.7,442.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at a different aspect of the quality of life","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=442.96,446.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and compare different countries performance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=446.81,450.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in that particular area,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=450.38,452.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and related to the democratic goals of those countries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=452.15,456.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I think that this is really the only way","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=456.18,458.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to get people back into politics,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=458.43,462.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/126","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is if they can actually see the results","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=462.6,466.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/127","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and not in money terms but in terms which had to do","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=466.5,471.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with the real world like parts per million","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=471.98,475.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of particulates and sulfur oxides in urban air,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=475.21,479.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or how many species are being lost","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=479.74,484.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and those kinds of real-world indicators.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=484.45,487.603"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=491.02,492.142"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(murmurs)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=492.142,494.309"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Oh yeah.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=495.42,496.253"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(murmurs)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=497.203,499.578"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well one of the more interesting things","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=499.578,503.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I found in Florida that I had nothing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=503.13,504.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to do with it all,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=504.83,506.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that I found a city in Florida","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=506.09,509.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is near where I live, Jacksonville.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=509.26,511.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Where they've been using these","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=511.56,513.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"kind of quality of life indicators since 1983.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=513.54,518.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they're very similar to the kind of indicators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=518.3,520.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I'm advocating at the national level.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=520.62,523.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what they're doing now is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=523.89,527.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they've got a citizen participation exercise","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=527.81,531.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where they're literally bringing thousands of people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=531.33,535.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into city hall and they have all of these indicators.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=535.32,538.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They have 83 different indicators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=538.54,541.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they're bringing people in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=541.17,543.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They call it Target 2000 and they're saying look,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=543.59,546.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are we asking enough of ourselves with this indicator?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=546.29,549.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Should we make the target higher?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=549.82,551.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Should we go for more or fewer dropouts","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=551.55,555.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or should we tighten up on air quality standards?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=555.5,559.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And everybody now is getting into the act of calibrating","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=559.67,563.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these indicators based on what the voters want.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=563.85,568.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So if any of you want to get a copy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=568.03,570.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the Jacksonville quality of life indicators,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=570.84,573.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you just write to the chamber of commerce","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=573.94,576.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they publish them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=576.48,579.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I find almost everywhere I go,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=579.19,581.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I do throw a slide up on those indicators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=581.83,585.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it's been very encouraging to find","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=585.48,589.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"wherever there's a city council person","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=589.31,592.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a group I'm talking to.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=592.27,594.383"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I get word back from the Jacksonville Chamber of Commerce","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=595.33,599.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"now that they're studying their indicators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=599.03,601.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/169","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Auckland, New Zealand, in Eugene, Oregon,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=601.7,604.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/170","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Boise, Idaho, in Anchorage, Alaska.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=604.89,608.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Almost everywhere I went the last two","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=608.04,611.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or three weeks or months.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=611.43,614.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So this is something where we don't have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=614.09,617.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to wait for the national governments to do it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=617.13,619.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It can be done very simply.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=619.63,622.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think that at this point,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=622.07,624.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Jacksonville Chamber of Commerce","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=624.25,626.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"almost has a profit center in these indicators.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=626.73,629.713"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They're probably at the stage","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=629.713,631.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where they could sell you the kit.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=631.43,633.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you wanted to do it in Ames, Iowa,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=633.51,635.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you wanna to do it in Des Moines.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=635.41,637.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They'll just sell you all the floppy disks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=637.1,639.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you can just do it yourselves.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=639.67,641.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(murmurs)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=642.61,644.777"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think it's gonna be quite different","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=654.46,656.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if people get to understand that a rising GNP","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=658.754,662.713"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can be a problem.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=664.0,666.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that's what I'm saying","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=666.37,668.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that that's what's happened in the past 10 years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=668.3,672.143"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That continual growth of GNP beyond a certain point","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=672.143,677.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"begins to rack up these kind of hidden costs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=677.12,680.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what it can really do is to get you into prevention.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=680.94,685.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we all know that prevention is much cheaper","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=685.77,688.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than trying to fix things up after they've gotten messed up.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=688.67,692.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, look at the space junk.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=692.37,694.063"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Already NASA is having to spend 200 million","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=694.98,699.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to reinforce the hulls of spacecraft","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=699.05,701.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they're colliding with this stuff.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=701.97,703.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, imagine anything so stupid,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=703.96,706.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and how are we ever going to clean that up?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=706.37,708.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Nobody has got the foggiest idea","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=708.73,710.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"how that's gonna be done.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=710.95,712.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So if it makes societies more future-oriented","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=712.31,716.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to get the accounts right,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=716.31,718.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think that that will be the main 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portfolio","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=725.85,730.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of stocks of companies that perform better","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=731.4,735.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because there were longer term evaluations.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=735.06,737.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we weren't churning those stocks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=737.96,740.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and trying to create a portfolio that went up","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=740.13,744.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"just based on churning it around and playing the market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=744.71,748.713"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The proof of what we were doing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=750.097,752.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was in the market break in 1987, October, 1987.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=752.78,757.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And where the Standard and Poor's went down","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=758.64,760.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think 36% that day.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=760.93,764.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And our portfolio, our stock of our fund only dropped 4%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=764.12,769.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that was the first time we got","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=771.45,773.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"an article in Barron's and the headline of the article was","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=773.87,778.787"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"How come these do good funds do so well in a down market?\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=778.787,783.637"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it was a very obvious reason is number one,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=784.69,789.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we were not doing program trading","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=789.25,791.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"over the Standard and Poor's and the Fortune 500.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=791.98,795.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We weren't even in that market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=795.95,797.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Those companies have no interest to us at all.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=797.43,801.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We were over in the over-the-counter market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=801.5,804.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So we were in a totally different the market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=804.25,806.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than they were in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=806.1,807.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so it shows that there is room","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=807.3,812.097"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for longer term evaluations.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=813.01,815.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think that a lot of us are beginning to learn","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=815.92,819.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what our native American friends have been telling us","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=819.8,822.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about the seventh generation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=822.81,824.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That it's just simply smarter","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=824.76,827.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to do things right in the first place.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=827.05,830.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the thing that happens, that I'm hoping will happen","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=830.92,835.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that this is gonna begin to happen at every level.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=835.6,839.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, what's happening now is value changes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=839.51,842.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in behavior are changing in terms of individual consumers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=842.52,847.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/241","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"People are buying shopping guides to a better world","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=847.39,849.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/242","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and all of this kind of thing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=849.86,851.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/243","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"People are investing in these longer term funds.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=851.08,854.373"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/244","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then at the corporate level the companies...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=855.62,859.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/245","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, all of the big eight accounting firms now","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=859.77,862.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/246","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are doing environmental auditing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=862.48,864.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/247","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it's all very defensive at the moment.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=864.94,866.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/248","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They're afraid that they're going to get lawsuits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=866.82,869.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/249","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the banks are liable for cleaning up toxic dumps.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=869.39,872.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/250","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then you have local governments","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=872.65,875.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/251","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they need to make some changes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=875.34,877.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/252","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They've got to change zoning laws","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=877.13,879.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/253","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to make it easier to do solar and renewable energy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=879.29,882.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/254","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and make it easy for people to recycle.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=882.66,884.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/255","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then at the national level,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=884.7,886.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/256","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we need to change the national accounts","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=886.91,889.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to one of these new scorecards.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=889.97,893.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we also need to change the tax system.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=893.0,895.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/259","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I've talked to Senator Gore about this a lot.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=895.66,899.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/260","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And he's talked about it in his book.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=899.5,902.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/261","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The whole idea of green taxes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=902.25,904.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/262","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Where you tax overuse of resources and pollution","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=904.89,909.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/263","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and where this is mostly being done.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=911.87,914.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/264","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There's 85 different kinds of green taxes now","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=914.35,918.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/265","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the U.S and in the Western European countries and Japan.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=918.26,922.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/266","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they range everything from levies on bottles,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=922.69,927.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/267","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for non-returnable bottles","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=927.34,929.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/268","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to emission taxes and things like that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=929.46,934.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/269","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in Germany, they've been selling these to the voters","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=935.51,939.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/270","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as income tax cuts because that's exactly what they are.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=939.54,943.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/271","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, the revenues from green taxes are so huge","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=943.21,947.877"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/272","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you have to cut income taxes as you introduce them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=948.72,953.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/273","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I did a piece, I write columns for the LA Times","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=953.47,958.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/274","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the Christian Science Monitor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=958.75,960.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/275","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I've been doing a lot of columns recently","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=960.21,962.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/276","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on green taxes and why don't we shift over?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=962.41,966.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/277","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because if you look at what tax systems","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=966.91,969.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/278","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are supposed to be for.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=969.39,971.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/279","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, tax systems are supposed to raise money","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=971.05,973.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/280","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the government, yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=973.23,974.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/281","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But also to reward healthy behavior.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=974.76,979.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/282","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in a sense when we all agree about sin taxes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=979.08,983.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/283","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"say on liquor and cigarettes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=983.62,986.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/284","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're kind of accepting that idea.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=986.02,988.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/285","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, the green taxes just mean","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=988.31,991.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/286","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that there's four different new kinds","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=991.27,993.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/287","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of unhealthy behavior.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=993.86,995.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/288","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Polluting, which is unhealthy for everybody.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=995.53,999.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/289","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Waste, which is makes us uncompetitive","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=999.49,1003.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/290","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like excess packaging and all of that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1003.05,1005.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/291","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Obsolescence, plan obsolescence.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1005.48,1008.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/292","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Throw away cameras and throw away the cigarette lighters.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1008.13,1012.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/293","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They should be taxed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1012.31,1013.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/294","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then a depletion of natural resources","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1013.45,1016.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/295","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where there's plenty of recycled materials around","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1016.94,1019.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/296","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which could be plugged back into production.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1019.66,1021.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/297","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if you introduce those four kinds of green taxes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1021.75,1025.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/298","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then you begin to discourage unhealthy behavior.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1026.52,1030.498"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/299","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And by removing taxes from income,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1030.498,1033.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/300","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean we ought to be encouraging employment.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1033.86,1037.993"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/301","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this is one of the things","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1038.89,1039.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/302","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I've been trying to tell the Clinton Economic team,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1039.94,1044.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/303","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you don't wanna have tax credits for investment.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1044.14,1047.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/304","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They want tax credits for employment.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1047.65,1049.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/305","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That the company doesn't get a tax credit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1049.95,1053.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/306","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"unless it can prove it's employing somebody.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1053.3,1057.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/307","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, otherwise what's to stop them","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1057.23,1059.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/308","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from investing the extra tax credit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1059.53,1062.929"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/309","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the Argentine stock market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1062.929,1065.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/310","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or in German bonds that are paying twice","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1065.66,1068.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/311","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as much interest rates as American bonds.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1068.05,1070.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/312","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So you see it's a matter of people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1070.41,1072.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not yet understanding the global economy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1072.31,1075.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this need now to make the planetary environment itself","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1075.37,1080.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/315","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the guide for how we bring our productive systems","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1085.03,1089.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/316","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into line with the way nature works.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1089.6,1091.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/317","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, once we get that right,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1091.74,1093.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/318","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we will have sustainable societies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1093.83,1096.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/319","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that will be perfectly comfortable to live in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1096.75,1099.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/320","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Nobody's gonna be living in the trees","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1099.56,1102.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/321","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it's gonna require redesigning.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1102.05,1104.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/322","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not only those levels up to the national level","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1104.31,1107.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/323","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with these kinds of green taxes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1109.05,1110.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/324","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but the last level is the international level.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1110.59,1113.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/325","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And you hear all the politicians talking","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1113.47,1115.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/326","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about leveling the playing field.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1115.73,1117.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/327","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm sure you've heard all this week","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1117.56,1119.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/328","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about trade and all the rest of it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1119.06,1121.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/329","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the problem if you use economists to design","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1121.07,1126.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/330","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these level playing fields,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1126.16,1129.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they tend to use their old models","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1129.06,1131.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which will be the lowest common denominator model of trade.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1131.41,1136.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Which tends to level rain forests and level ecosystems,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1136.68,1141.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and try to homogenize all the cultures in the world.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1141.79,1145.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Instead of what needs to be done","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1145.28,1147.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that the playing field needs to be leveled upward.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1147.76,1151.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/337","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We need to put an ethical floor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1151.24,1153.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/338","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"under the global playing field.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1153.82,1155.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/339","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we indeed are are doing that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1155.61,1157.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/340","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We're negotiating treaties and agreements","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1157.19,1160.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/341","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"around workers safety, around environmental protection.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1160.08,1164.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/342","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think we're gonna get more and more agreements","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1164.01,1167.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"around currency floats.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1167.12,1170.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the last kind of agreement that we need to negotiate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1170.13,1173.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/345","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the international level I think","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1173.94,1176.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/346","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is to reduce these terrific wage differentials.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1176.24,1181.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/347","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because it's these huge wage differentials","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1182.73,1186.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/348","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that cause those companies to go madly charging","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1186.2,1189.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/349","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"around the planet trying to find cheaper","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1189.57,1192.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/350","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and cheaper labor forces.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1192.03,1193.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/351","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if we can have a bandwidth","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1193.22,1195.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/352","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"within which currencies can fluctuate,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1195.85,1198.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/353","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"why can't we have a bandwidth for wages.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1198.38,1202.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/354","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Which would not be in currency","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1202.09,1205.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/355","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but in these purchasing power parity.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1205.48,1207.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/356","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So it'd be kind of a standard of living bandwidth.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1207.61,1211.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/357","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Which it would you allow a certain amount of differential","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1211.19,1214.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/358","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but not the crazy differentials","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1214.03,1216.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/359","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we're dealing with today.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1216.1,1217.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/360","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think once we put that floor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1217.65,1221.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/361","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"under the international playing field,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1222.77,1225.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/362","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then you find that you're beginning","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1226.72,1229.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/363","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to reward the ethical companies and the ethical countries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1229.14,1234.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/364","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Whereas right now we punishing the ethical companies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1235.41,1240.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/365","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the ethical countries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1240.09,1241.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/366","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So really the interventions have to be at all five levels.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1241.6,1246.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/367","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And luckily they are.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1246.35,1247.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/368","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, if you see them,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1247.88,1249.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/369","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you see them happening at all those five levels,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1249.95,1252.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/370","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we can all work at whatever level suits us best.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1252.43,1256.593"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/371","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1258.22,1259.053"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/372","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience clapping)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=1260.589,1263.589"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27315/annotation/373","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/027/315/original/AV204119_Re_Defining_Wealth_and_Progress_b.vtt?1622143575","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/027/315/original/AV204119_Re_Defining_Wealth_and_Progress_b.vtt?1622143575"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27316","type":"AnnotationPage","label":{"en":["AV204119_Re_Defining_Wealth_and_Progress_b.txt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595/transcript/27316/annotation/374","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"- But then you need all of these kind of complimentary indicators of progress toward all of the other goals that voters have. And one of the most important is looking at population and whether we're reaching some kind of stabilization of population. Education, looking at literacy rates and other kinds of indicators. Health, nutrition, basic services, shelter, public safety and crime, child development, political participation, air and water quality, environmental resource depletion, biodiversity, species loss, as well as culture and recreation. I think that more and more we're beginning to realize that you can create a very good economic development strategy in a community around cultural resources. I think Minneapolis is a good example of that. And so basically what I'm trying to do with these indicators is not roll them all into one very highly aggregated number that nobody understands and try to turn them all into money coefficients like the economist want to do. I'm saying, let's have them all unbundled so that everybody can see all the different aspects of quality of life and progress that are important to us as voters. Because that way, we can begin making politicians accountable. And if a politician says that the education precedent okay, let's look at the literacy rates. Or if they're gonna do something about healthcare let's watch life expectancy and mortality. And the environmentalist can watch the air and water quality indicators. And this way we can judge politicians by results rather than by all of this mumbo jumbo, highly aggregated macro economic statistics. So I'm happy to say that there's about 20 countries in the world that are adopting some or other aspects of these kind of quality of life indicators, which I think will be the way that countries will compete against each other in the future. And when you begin to have a view beyond this mere, very narrow accounting system, I think then you can begin to see that we could do a lot of things to make this a better world that we don't think we can do if we only look at the GNP kind of numbers. And this little diagram, I like a lot. This each one of these squares represents a billion dollars. And this is the trillion dollars that the world spends every year on arms that are going all over the place. Lord knows where they're all going. Many of them are going in the Southern hemisphere now. And here we realize that we could solve every major problem on this planet with less than 1/4 of the annual arm's budget. For example, we could prevent soil erosion for only 24 billion a year. We could provide clean, safe, renewable energy to every country in the world for 17 billion. We could bring every country in the world up to the best energy efficiency standard for only 33 billion. We could retire all of the debt of the developing nations for 30 billion. We could provide shelter for everybody on this planet for 21 billion. We could prevent acid rain for 8 billion. We could provide safe, clean water for everybody on the planet for 50 billion and so on and so on. Eliminate starvation and malnutrition for 19 billion. But it's very good to see that within the context of how much is spent on arms each year. So I think that more of us are beginning to realize that it is doable to work toward more of a win-win world. And that maybe in the next few years, we're going to realize that the visionaries and the idealists really are more practical than the so-called realists, thank you. So any comments or questions. Well, so I can't see there in the dark. Yes, sir. Well, it's very interesting. If you look at my kind of indicators, Costa Rica is one of the best countries in the world if you look on the whole gamut of these kinds of indicators. And of course that's partly because they've never had an army. And so where other countries have been investing or at least they haven't had an army since 1947. And so they've been investing in their people, in education and health care. They're now investing in their rain forests and their biodiversity and their social justice system, and their cultural resources. They're not at the top. I mean, the thing is that what I'm trying to get away from in my sort of indicators is this very simplistic, competitive, who's at the top sort of thing. Because really all of these quality of life indicators are based on culture. And each country has a different kind of cultural DNA if you will about what their goals are and what's important to them. And so all of these indicators do have to be constructed with the democratic goals of that society. And so they're not always going to be completely comparable but what I'm really hoping to do with this, rather than having yet another set of numbers come out where we say this country is the top. What I'm hoping to do is to do a TV show which we'll call the Country Scorecard Show. Where we can just every week look at a different aspect of the quality of life and compare different countries performance in that particular area, and related to the democratic goals of those countries. But I think that this is really the only way to get people back into politics, is if they can actually see the results and not in money terms but in terms which had to do with the real world like parts per million of particulates and sulfur oxides in urban air, or how many species are being lost and those kinds of real-world indicators. Yes. Oh yeah. Well one of the more interesting things that I found in Florida that I had nothing to do with it all, is that I found a city in Florida which is near where I live, Jacksonville. Where they've been using these kind of quality of life indicators since 1983. And they're very similar to the kind of indicators that I'm advocating at the national level. And what they're doing now is they've got a citizen participation exercise where they're literally bringing thousands of people into city hall and they have all of these indicators. They have 83 different indicators and they're bringing people in. They call it Target 2000 and they're saying look, are we asking enough of ourselves with this indicator? Should we make the target higher? Should we go for more or fewer dropouts or should we tighten up on air quality standards? And everybody now is getting into the act of calibrating these indicators based on what the voters want. So if any of you want to get a copy of the Jacksonville quality of life indicators, you just write to the chamber of commerce and they publish them. And I find almost everywhere I go, I do throw a slide up on those indicators and it's been very encouraging to find wherever there's a city council person in a group I'm talking to. I get word back from the Jacksonville Chamber of Commerce now that they're studying their indicators in Auckland, New Zealand, in Eugene, Oregon, in Boise, Idaho, in Anchorage, Alaska. Almost everywhere I went the last two or three weeks or months. So this is something where we don't have to wait for the national governments to do it. It can be done very simply. And I think that at this point, the Jacksonville Chamber of Commerce almost has a profit center in these indicators. They're probably at the stage where they could sell you the kit. If you wanted to do it in Ames, Iowa, if you wanna to do it in Des Moines. They'll just sell you all the floppy disks and you can just do it yourselves. I think it's gonna be quite different if people get to understand that a rising GNP can be a problem. And that's what I'm saying is that that's what's happened in the past 10 years. That continual growth of GNP beyond a certain point begins to rack up these kind of hidden costs. And what it can really do is to get you into prevention. And we all know that prevention is much cheaper than trying to fix things up after they've gotten messed up. I mean, look at the space junk. Already NASA is having to spend 200 million to reinforce the hulls of spacecraft because they're colliding with this stuff. I mean, imagine anything so stupid, and how are we ever going to clean that up? Nobody has got the foggiest idea how that's gonna be done. So if it makes societies more future-oriented to get the accounts right, I think that that will be the main advantage. It will give people a longer term evaluation. And in the same way that we constructed a portfolio of stocks of companies that perform better because there were longer term evaluations. And we weren't churning those stocks and trying to create a portfolio that went up just based on churning it around and playing the market. The proof of what we were doing was in the market break in 1987, October, 1987. And where the Standard and Poor's went down I think 36% that day. And our portfolio, our stock of our fund only dropped 4%. And that was the first time we got an article in Barron's and the headline of the article was \"How come these do good funds do so well in a down market?\" And it was a very obvious reason is number one, we were not doing program trading over the Standard and Poor's and the Fortune 500. We weren't even in that market. Those companies have no interest to us at all. We were over in the over-the-counter market. So we were in a totally different the market than they were in. And so it shows that there is room for longer term evaluations. And I think that a lot of us are beginning to learn what our native American friends have been telling us about the seventh generation. That it's just simply smarter to do things right in the first place. And the thing that happens, that I'm hoping will happen is that this is gonna begin to happen at every level. I mean, what's happening now is value changes in behavior are changing in terms of individual consumers. People are buying shopping guides to a better world and all of this kind of thing. People are investing in these longer term funds. And then at the corporate level the companies... I mean, all of the big eight accounting firms now are doing environmental auditing. And it's all very defensive at the moment. They're afraid that they're going to get lawsuits and the banks are liable for cleaning up toxic dumps. And then you have local governments and they need to make some changes. They've got to change zoning laws to make it easier to do solar and renewable energy, and make it easy for people to recycle. And then at the national level, we need to change the national accounts to one of these new scorecards. And we also need to change the tax system. And I've talked to Senator Gore about this a lot. And he's talked about it in his book. The whole idea of green taxes. Where you tax overuse of resources and pollution and where this is mostly being done. There's 85 different kinds of green taxes now in the U.S and in the Western European countries and Japan. And they range everything from levies on bottles, for non-returnable bottles to emission taxes and things like that. And in Germany, they've been selling these to the voters as income tax cuts because that's exactly what they are. I mean, the revenues from green taxes are so huge that you have to cut income taxes as you introduce them. And I did a piece, I write columns for the LA Times and the Christian Science Monitor. And I've been doing a lot of columns recently on green taxes and why don't we shift over? Because if you look at what tax systems are supposed to be for. I mean, tax systems are supposed to raise money for the government, yes. But also to reward healthy behavior. And in a sense when we all agree about sin taxes, say on liquor and cigarettes, we're kind of accepting that idea. Well, the green taxes just mean that there's four different new kinds of unhealthy behavior. Polluting, which is unhealthy for everybody. Waste, which is makes us uncompetitive like excess packaging and all of that. Obsolescence, plan obsolescence. Throw away cameras and throw away the cigarette lighters. They should be taxed. And then a depletion of natural resources where there's plenty of recycled materials around which could be plugged back into production. And if you introduce those four kinds of green taxes then you begin to discourage unhealthy behavior. And by removing taxes from income, I mean we ought to be encouraging employment. And this is one of the things that I've been trying to tell the Clinton Economic team, that you don't wanna have tax credits for investment. They want tax credits for employment. That the company doesn't get a tax credit unless it can prove it's employing somebody. I mean, otherwise what's to stop them from investing the extra tax credit in the Argentine stock market or in German bonds that are paying twice as much interest rates as American bonds. So you see it's a matter of people not yet understanding the global economy and this need now to make the planetary environment itself the guide for how we bring our productive systems into line with the way nature works. I mean, once we get that right, we will have sustainable societies that will be perfectly comfortable to live in. Nobody's gonna be living in the trees but it's gonna require redesigning. Not only those levels up to the national level with these kinds of green taxes, but the last level is the international level. And you hear all the politicians talking about leveling the playing field. I'm sure you've heard all this week about trade and all the rest of it. But the problem if you use economists to design these level playing fields, they tend to use their old models which will be the lowest common denominator model of trade. Which tends to level rain forests and level ecosystems, and try to homogenize all the cultures in the world. Instead of what needs to be done is that the playing field needs to be leveled upward. We need to put an ethical floor under the global playing field. And we indeed are are doing that. We're negotiating treaties and agreements around workers safety, around environmental protection. And I think we're gonna get more and more agreements around currency floats. And the last kind of agreement that we need to negotiate at the international level I think is to reduce these terrific wage differentials. Because it's these huge wage differentials that cause those companies to go madly charging around the planet trying to find cheaper and cheaper labor forces. And if we can have a bandwidth within which currencies can fluctuate, why can't we have a bandwidth for wages. Which would not be in currency but in these purchasing power parity. So it'd be kind of a standard of living bandwidth. Which it would you allow a certain amount of differential but not the crazy differentials that we're dealing with today. And I think once we put that floor under the international playing field, then you find that you're beginning to reward the ethical companies and the ethical countries. Whereas right now we punishing the ethical companies and the ethical countries. So really the interventions have to be at all five levels. And luckily they are. I mean, if you see them, you see them happening at all those five levels, and we can all work at whatever level suits us best. Thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/42951/file/115595#t=0.0,1268.04"}]}]}]}