How to pronounce “extractive” in English

But what does the theory say?Extractiveness. Extractiveness, so that makes sense.

But what does the theory say?stays extractive, you could say, well, moving to an inclusive economy, doesn't that naturally tend to push more political inclusion?

the next 10 years in part because this has reversed, this pattern has reversed.an extractive play, these are just commodity plays, they have either got diamonds or gold or bauxite or oil.

pretty good business ethicists and they made a very strong distinctionbetween predatory and extractive business models and business models that actually add value and right it's onlythe latter businesses that actually make profits only by helping other people.

When we were doing the documentary, we also uncovered, not surprisingly, a relationship to so-called ‘man camps’ thatare camps of the extractive industries that are in very remote areas and that attract or importwomen, frequently native women, for sexual purposes.

like they did after 1994.You've got this extractive economy.Those two things can't coexist.

You can't have an economy which is extractive and discriminates against black people, when suddenly black people have political power.So then extractive economy crumbles, and then you move in that direction.It's a little bit more complicated than that in South Africa, but that's the idea.

Well, in the 1970s, China was here.It had extractive economic institutions.It had extractive political institutions.

It had extractive economic institutions.It had extractive political institutions.It was a poor, technologically backward place.

But what does the theory say?And then those extractive institutions disintegrated.

So this is an example of one of the coal ports around Santa Marta.There's not only extractive industries, but this is also a very heavily touristted area.There's resorts all along the shores, and they're building water slides and hotels on top of Kogi sacred sites.

We can move into China.We've internalized the values of extractive growth-based corporate capitalism as a necessary component

So what creates inclusive economic institutions are inclusive political institutions.And what creates extracting economic institutions are extractive political institutions.So we emphasize two dimensions of political institutions, both of which will come up in-- I was gonna say the discussion, but it's not a discussion.

concentrated, that's a situation where we say you have extractive political institutions.So here's an example of extractive political institutions.It's a fun example.

But what does the theory say?take to transition from an extractive society to an inclusive society?

But what does the theory say?So there's just many elements of extractive economic and political institutions, which means if you're in the Congo, you just can't make money as a businessperson.

But what does the theory say?How do you go from extractive both political and economic institutions?

But what does the theory say?And that's because of extractive institutions.

to the recitation of a single mantra.And I think that set in motion this extractive model by which we've interacted for at least three centuries.

The economic nationalism, however-- the economic nationalism both of Putin's Russia, which you can understand because Putin's Russiais an economy that is based on the extractive industries.Putin's Russia is an economy where there must be a constant mobilization against the other, whoever that other may be, in order for Mr. Putin to stay

at risk in the process you have to worry about coal chemical spills or coal slurry spills radiation contaminationfrom nuclear fuel processing or nuclear power plants mining Tails from extractive Industries where you're making uranium or you're getting copper out of the ground you have this extradirty stuff in the mine that might get into the water you have to worry about thermal pollution where the power plants

What's the opposite of that?Well, extractive economic institutions.That's what they have in North Korea, or that's what they have in Mexico.

Well, what we say about the off diagonals is that the off diagonals are unstable.We emphasize a lot of the sort of stability of extractive-extractive and the stability of inclusive-inclusive.There's lots of feedback loops, that once you get an extractive society set up, it tends to persist over time.

Black people got to vote, instead of just white people, and Nelson Mandela was elected president.So that's like going from a situation where you had extractive political institutions to inclusive political institutions.Now, what did the economy in South Africa look like before then?

Those two things can't coexist.You can't have an economy which is extractive and discriminates against black people, when suddenly black people have political power.So then extractive economy crumbles, and then you move in that direction.

But what does the theory say?You can't have an inclusive economy underpinned by extractive political institutions.

But what does the theory say?And typically, transition from extractive to inclusive institutions involves a lot of conflict.

But what does the theory say?The theory says, the Chinese moved from having extractive to inclusive economic institutions.

in biodiversity and fish stocks.But if you want the maximum benefits, you need to protect it totally from all extractive activities.And yes, around the world, there are examples of that producing benefits for the fishing

Rosenir is one of those community members.In 2020, she was part of the first reforestation effort of an extractive reserve in Brazil.That's a place where traditional peoples have the concession to live and extract goods from the land.

You know, you need growth that is broadly-based.And ideally, you want all of your sectors, including extractive industries and property, the traditionally very corrupt sectors, you want them alsoto have high governance standards.

So when I first wrote this book, the original title was very optimistic.It was called "Distributed: A new OS for the Digital Economy." And what I was arguing was that we could move from an extractive, growth-based paradigmto a distributive circulatory one.

We can move into China.And that's the problem is that we end up putting destructive, extractive corporate capitalism on digital steroids.

Uzbekistan, North Korea, Sierra Leone, Columbia, what do those places have in common?All the details look different, but this idea of extractive institutions or inclusive institutions is supposed to say, yes, all these details look verydifferent, but actually, from the economic point of view, they all have this consequence of blocking talent and creativity.

So when those things fail, when you either have a weak state or you lack a state, or political power is narrowlyconcentrated, that's a situation where we say you have extractive political institutions.So here's an example of extractive political institutions.

Then poor countries, where are poor countries?Poor countries are in this cell of the matrix here, with extractive economic institutions underpinned by extractive political institutions.Economically successful countries are in the cell of the matrix where there's inclusive economic institutions.

We emphasize a lot of the sort of stability of extractive-extractive and the stability of inclusive-inclusive.There's lots of feedback loops, that once you get an extractive society set up, it tends to persist over time.And once you get an inclusive society set up, that tends to persist over time as well.

But the off diagonals are unstable.For example, you think about a transition from an extractive to a more inclusive society, South Africa.In 1994, South Africa moved to a much more inclusive political society.

But what does the theory say?They moved in this direction, but they maintained their extractive political institutions.

And also Bucky Fuller who is working with Planet Ship Earth.The third thing, we must make the transition from extractive technologies to technologies where the energy sources are regenerative sothat we don't continue to deplete the resources of the planet, and that we're looking forward to not just to seven generations ahead,

And this is very close to where the reefs are in Parque Tairona.Looking at the other side of the Sierra, there's also many extractive industries going on.This is Cerrejon. This is one of the major mining sites.

And our legal department was like, oh no.I really believe that the work that I was doing in Indonesia and China was exactly the kind of work that we want extractive companies doing, that we want

oceans, ensure smart growth as opposed to unregulated growth of extractive industries and invest significantly more into scientific research and understanding of the vast waters

So if we look at the first column, if you're in minerals processing and extractives, the environment is material, because of your huge impact.

More of my conversation with Elizabeth Anderson after one last break.rich actually do work harder. I mean, not necessarily productively, they could be very extractive and exploitative

If you want to talk about environmental values and values of sustainability, he created a mythic story in which being part of the extractive industrial world

And so now you have this spreading attack surface of devices that, because they're designed to be extractive of their users, are also

Until the early 1980s, there was something called the color bar, and the color bar was a huge list of occupations that only white people could undertake that black peoplecouldn't undertake. But the point is, imagine you transition from extractive political institutions to inclusive political institutions,like they did after 1994.

But what does the theory say?If you look at different cases, historically, different societies have moved from extractive to inclusive in different ways.