What is Big Think?  

We are Big Idea Hunters…

We live in a time of information abundance, which far too many of us see as information overload. With the sum total of human knowledge, past and present, at our fingertips, we’re faced with a crisis of attention: which ideas should we engage with, and why? Big Think is an evolving roadmap to the best thinking on the planet — the ideas that can help you think flexibly and act decisively in a multivariate world.

A word about Big Ideas and Themes — The architecture of Big Think

Big ideas are lenses for envisioning the future. Every article and video on bigthink.com and on our learning platforms is based on an emerging “big idea” that is significant, widely relevant, and actionable. We’re sifting the noise for the questions and insights that have the power to change all of our lives, for decades to come. For example, reverse-engineering is a big idea in that the concept is increasingly useful across multiple disciplines, from education to nanotechnology.

Themes are the seven broad umbrellas under which we organize the hundreds of big ideas that populate Big Think. They include New World Order, Earth and Beyond, 21st Century Living, Going Mental, Extreme Biology, Power and Influence, and Inventing the Future.

Big Think Features:

12,000+ Expert Videos

1

Browse videos featuring experts across a wide range of disciplines, from personal health to business leadership to neuroscience.

Watch videos

World Renowned Bloggers

2

Big Think’s contributors offer expert analysis of the big ideas behind the news.

Go to blogs

Big Think Edge

3

Big Think’s Edge learning platform for career mentorship and professional development provides engaging and actionable courses delivered by the people who are shaping our future.

Find out more
Close
With rendition switcher

Transcript

George Soros: The engine of growth in the super bubble was the American consumer that consumed more than it produced.

For various reasons, we were able to build up a current account deficit that amounted eventually to 6.5 or 7% of the GNP. And also the consumers/householders were withdrawing from their equity from their mortgages, which was actually about the same at the end. It’s slightly larger, about $900 billion annualized.

That was the engine of growth for the world, and that engine is now switched off. It’s been knocked out. So, we need another engine. And in my opinion, in the end, it will be the problem connected with energy.

Global warming, which is threatening to our civilization and is not actually addressed, needs to be addressed. At the same time, we are also concerned about the ever rising cost of exploring for fossil fuels, particularly oil, and of course energy independence. And all those three factors required to develop alternate source of energy and invest in energy saving investments. And that ought to be the motor of the economy that is going to take us out of the recession, where you’re going to have unemployed resources, and those resources are better employed, rather than paying unemployment benefits, better employed or put to use in that direction.

That is where I see the way out of the global recession or depression that we are currently heading into.

Recorded on Oct 23, 2008.

 

America's New Engine of Growth

Newsletter: Share: