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Paul Saffo looks at the development of the US economy through the 20th and into the 21st century. What are the trends that have shaped the economy? How are innovations in technology and communications making the 21st century an entirely different landscape for producers and consumers?
From the moment we first drilled for oil, we opened a Pandora's box that changed the world forever. It transformed the way we lived our lives, spawned foreign wars and turned a simple natural resource into the most powerful political weapon the world has ever known. But when exactly did geology turn into such a high-stakes game?
How will we power the planet without wrecking the climate? Five years after the earthquake and tsunami that triggered the unprecedented trio of meltdowns at the Fukushima Daiichi nuclear power plant, scientists and engineers are struggling to control an ongoing crisis. What’s next for Fukushima? What’s next for Japan? And what’s next for a world that seems determined to jettison one of our most important carbon-free sources of energy? Despite the catastrophe—and the ongoing risks associated with nuclear—a new generation of nuclear power seems poised to emerge the ashes of Fukushima. NOVA investigates how the realities of climate change, the inherent limitations of renewable energy sources, and the optimism and enthusiasm of a new generation of nuclear engineers is looking for ways to reinvent nuclear technology, all while the most recent disaster is still being managed. What are the lessons learned from Fukushima? And with all of nuclear’s inherent dangers, how might it be possible to build a safe nuclear future?
Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble. China is now the second largest economy in the world and for the last 30 years China's economy has been growing at an astonishing rate. While Britain has been in the grip of the worst recession in a generation, China's economic miracle has wowed the world. Now, for BBC Two's award-winning strand This World, Peston reveals what has actually happened inside China since the economic collapse in the west in 2008. It is a story of spending and investment on a scale never seen before in human history - 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years. But, in a situation eerily reminiscent of what has happened in the west, the vast majority of it has been built on credit. This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back. Interviewing key players including the former American treasury secretary Henry Paulson, Lord Adair Turner, former chairman of the FSA, and Charlene Chu, a leading Chinese banking analyst, Robert Peston reveals how China's extraordinary spending has left the country with levels of debt that many believe can only end in an economic crash with untold consequences for us all.