Chapter
China's Growing Light Industry
1:51:01 - 1:54:53 (03:52)
China's output of light industry grew by 17%, while heavy industry fell by 7% in the previous year. This trend is partially due to the conversion of heavy industry factories into light industry.
Clips
In this podcast, the speaker discusses China's promotion of light industry and stripping heavy industry factories which resulted in a 17% increase in the production of light industry but a 7% decline in heavy industry, leading to ongoing societal effects.
1:51:01 - 1:52:29 (01:27)
Summary
In this podcast, the speaker discusses China's promotion of light industry and stripping heavy industry factories which resulted in a 17% increase in the production of light industry but a 7% decline in heavy industry, leading to ongoing societal effects.
ChapterChina's Growing Light Industry
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The validity of measuring the happiness of a population to determine the flourishing of a people is challenged, with guest Matthieu Ricard highlighting that there are limitations to this approach as there may be individuals in less developed nations who cannot compare their situations with those of developed nations and therefore believe that they are happy regardless of their circumstances.
1:52:29 - 1:53:39 (01:09)
Summary
The validity of measuring the happiness of a population to determine the flourishing of a people is challenged, with guest Matthieu Ricard highlighting that there are limitations to this approach as there may be individuals in less developed nations who cannot compare their situations with those of developed nations and therefore believe that they are happy regardless of their circumstances.
ChapterChina's Growing Light Industry
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
This podcast episode touches upon whether happiness is the correct measure for flourishing and presents an example of a man's progression from being a dancer in China to American and ultimately Australian ballet, where he realized the ignorance of the Chinese people about living standards elsewhere in the world.
1:53:39 - 1:54:53 (01:14)
Summary
This podcast episode touches upon whether happiness is the correct measure for flourishing and presents an example of a man's progression from being a dancer in China to American and ultimately Australian ballet, where he realized the ignorance of the Chinese people about living standards elsewhere in the world.