Summary of events: the end of normality; The great crisis after six years James Galbraith began with the introduction of Henry George, one of the major influencers of the Chinese economy. According to the speaker, Henry George was an American political economist who inspired the economic philosophy of Georgism. According to Henry George, all people should own everything they create, and everything that nature possesses, especially the value of land, should be owned equally by all humans. China has fully adopted Georgism, the government being the sole beneficiary of land value taxes. Galbraith introduced the causes of the 2008 financial crisis that nearly paralyzed the economies in America and Europe. Six years after the start of the financial crisis, many countries are still feeling the negative effects of the economic crisis, which was written about by journalists across America. The negative effects of the financial crisis were exacerbated by its unpredictable nature. Since the turn of the millennium, the crisis has been one of the few black swans to hit the global economy. M...