In the 1980s we had the Reagan revolution, which lead to deregulation.

Okay, so the bad news first

In turn, we enrich ourselves, our family, our friends, our communities.

A few years ago, historian Arnold Toynbee said that the world was suffering a huge spiritual crisis.

Economic meltdown.

What can your country leverage that into? This is the fulcrum you need to get back into the world economy as a manufacturer.

The Shinwha group has selected as one of the biggest sponsors for the 2012 olympics ..

And this is a major issue.

CA

And we've heard a lot about how economies function.

I think is an epiphenomenon.

A global crisis is at hand.

30 percent decrease of production in the context of increasing population, that's a food crisis.

The U.S. economy is the largest in the world.

America's economy is the largest in the world.

And then we have inequality.

(Laughter)

Also, I made this with PowerPoint.

Tokyo is now a center of the world economy.

And it's an idea that I think is very prevalent at these TED Talks, the idea that we can invent our way out of a profound economic and energy crisis, that a move to a knowledge economy can somehow neatly sidestep those energy constraints, the idea that we'll discover some fabulous new source of energy that will mean we can sweep all concerns about energy security to one side, the idea that we can step off neatly onto a completely renewable world.

There will be an economic crisis at the end of this year.

An economic crisis will hit at the end of the year.

And this is where we are today.

BRlC country means Brazil, Russia, India and China.

Today, as these very foundations are being shaken by crises, the need for open and honest dialogue on the future of the monetary system has never been greater.

NF

Japan is one of the greatest economic powers in the world.

Japan ranks among the economic powers of the world.

I should just mention briefly, is this really the right list that we got out?

The world economy will not recover anytime soon.

I think that bad PowerPoint presentations are a serious threat to the global economy.

Well the economy, you know, so....

Japan ranks among the economic powers of the world.

They're just not big enough.

With the Put Out system?

Recovery of the world economy is not yet in sight.

Joe had awakened to a world in crisis.

Crisis this and the end of the world that.

More of problems are global in scale.

Nobody can deny the fact the world economy revolves around the American economy.

Nobody can deny the fact that the world economy is centered around the economy of the United States.

Climate change cannot be solved in one country, but has got to be solved by the world working together.

But one has to wonder, now that we've had this financial sector collapse upon us in Iceland and by the way, Europe looks pretty bad right now, and many would say that you in America are heading for some more trouble as well.

Good afternoon.

And as an inorganic chemist, my friends and colleagues make this distinction between the organic, living world and the inorganic, dead world.