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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Lambert Strether</author_name><author_url>https://www.nakedcapitalism.com/author/lambert-strether</author_url><title>The Virtues of "Syst&#xE8;me D&#xE9;brouiller"  | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="JHDaskc1NU"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/09/the-virtues-of-systeme-debrouiller.html"&gt;The Virtues of &#x201C;Syst&#xE8;me D&#xE9;brouiller&#x201D;&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/09/the-virtues-of-systeme-debrouiller.html/embed#?secret=JHDaskc1NU" width="600" height="338" title="&#x201C;The Virtues of &#x201C;Syst&#xE8;me D&#xE9;brouiller&#x201D;&#x201D; &#x2014; naked capitalism" data-secret="JHDaskc1NU" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By lambert strether  Here's a TED talk by Robert Neuwirth on "The power of the informal economy." Like most TED talks on political economy, the ideas are intriguing but, if true, are unlikely to impact any of the listeners in the audience. Nevertheless, clocking in at a little under thirteen minutes, it's definitely worth a listen. As Neuwirth says (my transcription): [NEUWIRTH]If [System D] were united in a single political system, one country, call it The United Street Sellers Republic, the USSR, or Bazarristan [laughter], it would be worth 10 trillion dollars every year, and that would make it it the second largest economy in the world after the United States.</description><thumbnail_url>http://www.nakedcapitalism.com/wp-content/uploads/2012/09/a_lagos_store-e1347186447372.jpg</thumbnail_url></oembed>

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