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Cynthetiq · 01-27-2008, 05:30 AM

Quote:

Economic Forum Moves to YouTube
By MATT MOORE – 2 days ago
LINK

DAVOS, Switzerland (AP) — The idea was simple: Job training centers should be as ubiquitous as gas stations, a man called freesouljah said in a video on YouTube's Davos Question channel.

Seeing "gas stations on almost every corner," the Las Vegas resident decided to suggest that World Economic Forum participants see children as the world's "greatest natural resource." Nations should invest in kids and shift their focus away from commodities, he said in the video.

Indeed, replied U.S. Secretary of Education Margaret Spellings.

"The most important thing we can do in 2008, and every other year, is to make sure we invest in our children; really we invest in all human beings," she said in a video response she recorded at the forum. "When people are educated and they have skills and abilities this world becomes a much better place."

Off the main room in the sprawling Congress Center is a bank of computers, each with a Web cam, where forum participants are adding to a "global dialogue" that World Economic Forum spokesman Matthias Leufkens said launched in December.

The conversation began with a simple question:

"What key action do you think countries, companies or individuals should take to make the world a better place in 2008?"

Interest has been strong, with more than 1 million hits registered on the YouTube site and hundreds of video replies. And as forum attendees — CEOs, academics or even astronauts — walk by, they are stopping to record quick messages or reply to questions left on the Web site.

Besides Spellings, they include Henry Kissinger and Rajendra Pachauri, the chief U.N. climate scientist who is chairman of the Intergovernmental Panel on Climate Change. Plus at least one attendee who is no stranger to multimedia or video.

"Hello! My name is Bono. I'm a rock star ... sort of!" the U2 singer said. "In 2008, if we're able to get anywhere on the fight against extreme poverty or the climate crisis, we have to prove that we can keep the promises that we've already made."

Ed Sanders, who oversees international product marketing for YouTube in Europe, the Middle East and Africa, called the set-up a "tremendous means to get interaction going and to give people a voice."

"It's something we want to do long term."

Spellings said she replied because it was a quick way to communicate with those asked the questions.

"That's their world and that's how you can communicate with them," she told The Associated Press. "It's through a medium like YouTube and blogs and those sorts of things."

On the Net:
Davos Question: http://youtube.com/user/thedavosquestion
Bono: http://youtube.com/watch?vMTTqP4r6bgI

The conversation began with a simple question:

"What key action do you think countries, companies or individuals should take to make the world a better place in 2008?"

When I first read this question, I thought instantly of "Be kind to each other." I figured that was a good step, but as I read more I realized that this question was centered on economics and money, not just about simple philsophies. I mean how can another company be kind to it's competitor?

So below is my answer to the Davos question. What's yours?

Adjust our priorities. We spend money on things instead of people, when we invest in people it's only a small circle of people. The whole Britney Economy or Britney Industrial Complex just baffles my mind, $110M made on trading on the back of some individual? We have athletes making 9 figure salaries. Reward those that create and invent wealth accordingly. CEOs and workers should somehow be compensated in ways that make sense in their contribution to the company and the community at large.

We spend trillions on warring but billions on education. I have always understood just how military technology trickles down to the everyman and it makes our lives better in some fashion. But we still don't have better teachers, better education. I know that spending more on it isn't necessarily the answer, but how can you retain talent if you don't compensate talent? If you have to continue to keep unacceptable teachers on the payroll and cannot reward competent teachers better.

We spend money on things without having the actual money. Credit and deficit spending is not just a government standby but our regular day to day joes took out their HELOCs and lived lavish lifestyles on borrowed money. Day to day janes are not saving for their retirement but instead interested buying the latest clothing.

The proposed US economic stimulus package proposed $600/person - $1200/couple is akin to giving more drugs to the drug addict in hopes that overall they will be better.