full transcript

From the Ted Talk by Dambisa Moyo: Economic growth has stalled. Let's fix it

Unscramble the Blue Letters

In order to think about that framing, we have to ask ourselves, how does capitalism work today? Very simplistically, claasipitm is set on the bisas of an individual utility maximizer — a selfish individual who goes after what he or she wants. And only after they've maximized their ulitity do they then decide it's important to provide support to other social contracts. Of course, in this system governments do tax, and they use part of their revenues to fund social programs, recognizing that government's role is not just reltiuagon but also to be arbiter of sacoil goods. But nevertheless, this framework — this two-stage framework — is the basis from which we must now satrt to think about how we can improve the capitalist model.

Open Cloze

In order to think about that framing, we have to ask ourselves, how does capitalism work today? Very simplistically, __________ is set on the _____ of an individual utility maximizer — a selfish individual who goes after what he or she wants. And only after they've maximized their _______ do they then decide it's important to provide support to other social contracts. Of course, in this system governments do tax, and they use part of their revenues to fund social programs, recognizing that government's role is not just __________ but also to be arbiter of ______ goods. But nevertheless, this framework — this two-stage framework — is the basis from which we must now _____ to think about how we can improve the capitalist model.

Solution

  1. start
  2. basis
  3. regulation
  4. capitalism
  5. utility
  6. social

Original Text

In order to think about that framing, we have to ask ourselves, how does capitalism work today? Very simplistically, capitalism is set on the basis of an individual utility maximizer — a selfish individual who goes after what he or she wants. And only after they've maximized their utility do they then decide it's important to provide support to other social contracts. Of course, in this system governments do tax, and they use part of their revenues to fund social programs, recognizing that government's role is not just regulation but also to be arbiter of social goods. But nevertheless, this framework — this two-stage framework — is the basis from which we must now start to think about how we can improve the capitalist model.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
economic growth 21
create economic 6
living standards 4
developed countries 4
private sector 3
market capitalism 3
developed economies 2
united states 2
growth matters 2
emerging markets 2
economic stance 2
income inequality 2
fix capitalism 2
social ills 2
largest economy 2
free market 2
emerging market 2
market countries 2

ngrams of length 3

collocation frequency
create economic growth 6
economic growth matters 2
free market capitalism 2
emerging market countries 2

Important Words

  1. arbiter
  2. basis
  3. capitalism
  4. capitalist
  5. contracts
  6. decide
  7. framework
  8. framing
  9. fund
  10. goods
  11. governments
  12. important
  13. improve
  14. individual
  15. maximized
  16. maximizer
  17. model
  18. order
  19. part
  20. programs
  21. provide
  22. recognizing
  23. regulation
  24. revenues
  25. role
  26. selfish
  27. set
  28. simplistically
  29. social
  30. start
  31. support
  32. system
  33. tax
  34. today
  35. utility
  36. work