2008: The Crisis That Exposed the West and China’s Advantage (Episode 8) скачать в хорошем качестве

2008: The Crisis That Exposed the West and China’s Advantage (Episode 8)

📝In 2008, the global financial system collapsed in ways most of the West believed were impossible. Former UN diplomat Kishore Mahbubani was present as the crisis unfolded — and what he witnessed would later reshape how he understood global power. On September 15, 2008, Lehman Brothers collapsed. Within days, panic spread through New York, Washington, London, and Brussels. Governments scrambled, institutions failed, and confidence evaporated. Two weeks later, Kishore Mahbubani was in Beijing for consultations. The contrast could not have been sharper. This episode explores how the 2008 Global Financial Crisis, seen through Mahbubani’s firsthand experience, quietly accelerated the shift of global economic power from West to East. While Western economies struggled with debt, financialization, and political paralysis, China responded with speed, coordination, and long-term planning — reshaping the global balance of power in the process. Rather than celebrating China, Mahbubani asks a harder question: What did the West misunderstand about its own system? 🎯 In this episode: • Why Lehman’s collapse was more than a financial shock • How China prepared for a Western financial crisis • What Mahbubani observed inside global institutions • Why 2008 changed the global economic order ⏱️ TIMESTAMPS – EPISODE 8 00:00 September 15, 2008 — Lehman Brothers collapses 01:05 New York in shock: the moment the system failed 02:10 Why Lehman was “not supposed” to collapse 03:05 Panic in Western capitals and emergency responses 04:10 Inside the UN: Western confidence disappears 05:15 Beijing, two weeks later — a completely different mood 06:20 “We prepared for a Western financial crisis” 07:30 China’s stimulus and the advantage of execution 08:45 G20 Washington: power shifts behind closed doors 09:50 Why China kept growing while the West contracted 11:00 The collapse of the Washington Consensus 12:10 How 2008 changed the Global South’s perspective 13:10 The psychological turning point for China and the West 13:40 Why 2008 was really about global power, not finance 📌 This video is part of a series based on the insights and experiences of Kishore Mahbubani, examining how global power quietly shifted in the 21st century. 📺 Watch the full playlist here: 👉    • Kishore Mahbubani - The Rise of China and ...