0:00:00.782,0:00:04.943
On the fourth of January, 1934,

0:00:04.943,0:00:07.749
A young man delivered a report

0:00:07.749,0:00:10.384
to the United States Congress

0:00:10.384,0:00:12.058
that 80 years on,

0:00:12.058,0:00:17.088
still shapes the lives of[br]everyone in this room today.

0:00:17.088,0:00:22.632
Still shapes the lives of[br]everyone on this planet.

0:00:22.632,0:00:25.362
That young man wasn't a politician,

0:00:25.362,0:00:27.321
he wasn't a businessman,

0:00:27.321,0:00:28.918
a civil rights activist,

0:00:28.918,0:00:30.423
or a faith leader.

0:00:30.423,0:00:33.954
He was that most unlikely of heroes,

0:00:33.954,0:00:35.981
an economist.

0:00:37.007,0:00:39.752
His name was Simon Kuznets

0:00:39.752,0:00:42.696
and the report that he delivered was called,

0:00:42.696,0:00:47.798
"National Income, 1929-32."

0:00:47.798,0:00:48.832
Now, you might think,

0:00:48.832,0:00:52.103
"this is a rather dry and dull report."

0:00:52.103,0:00:53.805
And you're absolutely right.

0:00:53.805,0:00:56.550
It's dry as a bone.

0:00:56.550,0:00:58.570
But this report is the foundation

0:00:58.570,0:01:02.263
of how, today, we judge the [br]success of countries.

0:01:02.263,0:01:05.052
What we know best as[br]Gross Domestic Product,

0:01:05.052,0:01:07.363
GDP.

0:01:07.363,0:01:10.776
GDP has defined and shaped our lives

0:01:10.776,0:01:13.324
for the last 80 years.

0:01:13.324,0:01:14.681
And today I want to talk about [br]

0:01:14.681,0:01:18.520
a different way to measure[br]the success of countries.

0:01:18.520,0:01:22.069
A different way to define [br]and shape our lives

0:01:22.069,0:01:25.226
for the next 80 years.

0:01:25.226,0:01:27.197
But first, we have to understand

0:01:27.197,0:01:31.316
how GDP came to[br]dominate our lives.

0:01:31.316,0:01:32.986
Kuznet's report was delivered

0:01:32.986,0:01:34.878
at a moment of crisis.

0:01:34.878,0:01:36.734
The U.S. economy was plumetting

0:01:36.734,0:01:38.349
into the Great Depression

0:01:38.349,0:01:41.434
and policy makers were [br]struggling to respond.

0:01:41.434,0:01:45.099
Struggling because they didn't[br]know what was going on.

0:01:45.099,0:01:48.361
They didn't have data and statistics.

0:01:48.361,0:01:50.783
So what Kuznet's report gave them

0:01:50.783,0:01:54.371
was reliable data on what [br]the U.S. economy

0:01:54.371,0:01:55.656
was producing,

0:01:55.656,0:01:58.764
updated year by year.

0:01:58.764,0:02:00.604
And armed with this information,

0:02:00.604,0:02:03.082
policy makers were, eventually,

0:02:03.082,0:02:06.040
able to find a way out [br]of the slump.

0:02:06.040,0:02:08.302
And because Kuznet's invention

0:02:08.302,0:02:10.084
was found to be so useful,

0:02:10.084,0:02:11.762
it spread around the world.

0:02:11.762,0:02:13.851
And now today, every country

0:02:13.851,0:02:17.425
produces GDP statistics.

0:02:17.425,0:02:19.922
But, in that first report,

0:02:19.922,0:02:23.826
Kuznets himself delivered a warning.

0:02:23.826,0:02:25.747
It's in the introductory chapter,

0:02:25.747,0:02:27.481
page 7 he says,

0:02:27.481,0:02:30.400
"The welfare of a nation can, therefore,

0:02:30.400,0:02:31.934
scarcely be inferred

0:02:31.934,0:02:34.044
from a measurement of [br]national income

0:02:34.044,0:02:35.601
as defined above."

0:02:35.601,0:02:38.099
It's not the greatest sound [br]bite in the world,

0:02:38.099,0:02:41.528
and it's dressed up in the [br]coursest language

0:02:41.528,0:02:42.756
of the economist.

0:02:42.756,0:02:45.034
But his message was clear,

0:02:45.034,0:02:46.598
GDP is a tool

0:02:46.598,0:02:49.996
to help us measure[br]economic performance.

0:02:49.996,0:02:52.904
It's not a measure[br]of our wellbeing.

0:02:52.904,0:02:54.561
And it shouldn't be a guide

0:02:54.561,0:02:57.784
to all decision making.

0:02:57.784,0:02:59.141
But we have ignored

0:02:59.141,0:03:00.913
Kuznet's warning.

0:03:00.913,0:03:01.867
We live in a world where

0:03:01.867,0:03:05.280
GDP is the benchmark of sucess

0:03:05.280,0:03:07.177
in a global economy.

0:03:07.177,0:03:10.866
Our politicians boast when[br]GDP goes up.

0:03:10.866,0:03:12.090
Markets move

0:03:12.090,0:03:13.564
and trillions of dollars of capital

0:03:13.564,0:03:14.988
move around the world

0:03:14.988,0:03:17.089
based on which countries[br]are going up

0:03:17.089,0:03:18.990
and which countries [br]are going down,

0:03:18.990,0:03:21.204
all measured in GDP.

0:03:21.204,0:03:22.533
Our societies have become

0:03:22.533,0:03:27.348
engines to create more GDP.

0:03:27.348,0:03:30.443
But we know that GDP is flawed.

0:03:30.443,0:03:32.973
It ignores the environment.

0:03:32.973,0:03:36.949
It counts bombs and prisons as progress.

0:03:36.949,0:03:38.811
It can't count happiness

0:03:38.811,0:03:40.228
or community.

0:03:40.228,0:03:41.861
And it has nothing to say

0:03:41.861,0:03:44.849
about fairness or justice.

0:03:44.849,0:03:46.291
Is it any surprise

0:03:46.291,0:03:47.324
that our world,

0:03:47.324,0:03:50.365
marching to the drum beat of GDP,

0:03:50.365,0:03:51.812
is teetering on the brink

0:03:51.812,0:03:53.852
of environmental disaster

0:03:53.852,0:03:56.938
and filled with anger and conflict?

0:03:56.938,0:03:58.941
We need a better way[br]

0:03:58.941,0:04:01.341
to measure our societies.

0:04:01.341,0:04:03.894
A measure based on the real things

0:04:03.894,0:04:06.699
that matter to real people.

0:04:06.699,0:04:08.686
Do I have enough to eat?

0:04:08.686,0:04:11.182
Can I read and write?

0:04:11.182,0:04:12.880
Am I safe?

0:04:12.880,0:04:15.095
Do I have rights?

0:04:15.095,0:04:18.247
Do I live in a society where[br]I'm not discriminated against?

0:04:18.247,0:04:19.284
Is my future

0:04:19.284,0:04:21.034
and the future of my children

0:04:21.034,0:04:24.612
prevented from environmental destruction?

0:04:24.612,0:04:26.283
These are questions that GDP

0:04:26.283,0:04:31.386
does not and cannot answer.

0:04:31.386,0:04:32.755
There have, of course,

0:04:32.755,0:04:33.921
been efforts in the past

0:04:33.921,0:04:36.843
to move beyond GDP.

0:04:36.843,0:04:38.328
But I believe that we're living

0:04:38.328,0:04:39.532
in a moment when we

0:04:39.532,0:04:43.332
are ready for a measurement revolution.

0:04:43.332,0:04:45.628
We're ready because we've seen,

0:04:45.628,0:04:47.862
in the financial crisis of 2008,

0:04:47.862,0:04:50.681
how our fetish for economic growth

0:04:50.681,0:04:53.112
led us so far astray.

0:04:53.112,0:04:55.096
We've seen, in the Arab Spring,

0:04:55.096,0:04:56.941
how countries like Tunisia

0:04:56.941,0:04:59.861
were supposedly economic superstars

0:04:59.861,0:05:01.216
but they were societies

0:05:01.216,0:05:04.795
that were seething with discontentment.

0:05:04.795,0:05:06.563
We're ready because today

0:05:06.563,0:05:08.174
we have the technology

0:05:08.174,0:05:10.498
to gather and analyze data

0:05:10.498,0:05:11.904
in ways that would have been

0:05:11.904,0:05:14.945
unimaginable to Kuznets.

0:05:14.945,0:05:16.808
Today, I'd like to introduce you to

0:05:16.808,0:05:19.751
the Social Progress Index.

0:05:19.751,0:05:22.155
It's a measure of the wellbeing of society,

0:05:22.155,0:05:25.252
completely separate from GDP.

0:05:25.252,0:05:26.593
It's a whole new way[br][Social Progress Index]

0:05:26.593,0:05:28.849
of looking at the world.

0:05:28.849,0:05:30.179
The Social Progress Index

0:05:30.179,0:05:31.752
begins by defining what it

0:05:31.752,0:05:33.869
means to be a good society

0:05:33.869,0:05:36.940
based around three dimensions:

0:05:36.940,0:05:41.505
The first is, does everyone have[br]the basic needs for survival?:

0:05:41.505,0:05:44.485
Food, water, shelter, safety.

0:05:44.485,0:05:46.605
Secondly, does everyone have

0:05:46.605,0:05:48.226
access to the building blocks

0:05:48.226,0:05:49.994
to improve their lives?:

0:05:49.994,0:05:54.688
Education, information, health[br]and sustainable environment.

0:05:54.688,0:05:55.608
And then third,

0:05:55.608,0:05:57.632
does every individual have access

0:05:57.632,0:06:00.762
to a chance to pursue their goals

0:06:00.762,0:06:02.260
and dreams and ambitions

0:06:02.260,0:06:03.667
free from obstacles?

0:06:03.667,0:06:05.114
Do they have rights,

0:06:05.114,0:06:06.573
freedom of choice,

0:06:06.573,0:06:08.374
freedom from discrimination

0:06:10.175,0:06:11.976
and access to the the world's[br]most advanced knowledge?

0:06:11.976,0:06:14.950
Together, these 12 components

0:06:14.950,0:06:18.435
form the Social Progress framework.

0:06:18.435,0:06:20.293
And for each of these 12 components,

0:06:20.293,0:06:21.974
we have indicators to measure

0:06:21.974,0:06:24.051
how these countries are performing.

0:06:24.051,0:06:27.073
Not indicators of effort or intention,

0:06:27.073,0:06:29.341
but real achievement.

0:06:29.341,0:06:32.583
We don't measure how much[br]a country spends on healthcare,

0:06:32.583,0:06:34.946
we measure the length and quality

0:06:34.946,0:06:36.911
of people's lives.

0:06:36.911,0:06:38.680
We don't measure whether governments

0:06:38.680,0:06:41.065
pass laws against discrimination,

0:06:41.065,0:06:46.295
we measure whether people [br]experience discrimination.

0:06:46.295,0:06:47.175
But, what you want to know

0:06:47.175,0:06:50.181
is who's top, don't you?

0:06:50.181,0:06:52.298
I knew that, I knew that, I knew that.

0:06:52.298,0:06:53.404
Okay, I'm going to show you.

0:06:53.404,0:06:55.320
I'm going to show you on this chart.

0:06:55.320,0:06:56.934
So here we are,

0:06:56.934,0:06:59.890
what I've done here is [br]put on the vertical axis

0:06:59.890,0:07:01.266
social progress.

0:07:01.266,0:07:02.701
Higher is better.

0:07:02.701,0:07:04.503
And then, just for comparison,

0:07:04.503,0:07:05.825
just for fun,

0:07:05.825,0:07:07.594
on the horizontal axis,

0:07:07.594,0:07:09.203
is GDP per capita.

0:07:09.203,0:07:11.631
Further to the right is more.

0:07:11.631,0:07:12.273
Okay,

0:07:12.273,0:07:14.967
So, the country in the world

0:07:14.967,0:07:18.387
with the highest social progress,

0:07:18.387,0:07:21.716
the number one country on social progress

0:07:21.716,0:07:24.882
is New Zealand.

0:07:24.882,0:07:28.048
(Applause)

0:07:28.048,0:07:31.215
Well done. I've never been, must go!

0:07:31.215,0:07:33.867
(Laughter)

0:07:33.867,0:07:36.519
The country with the least social progress,

0:07:36.519,0:07:37.394
I'm sorry to say,

0:07:37.394,0:07:39.076
is Chad.

0:07:39.076,0:07:42.068
I've never been, maybe next year.

0:07:42.068,0:07:43.877
(Laughter)

0:07:43.877,0:07:46.529
Or maybe the year after.

0:07:46.529,0:07:47.462
Now, I know what you're thinking.

0:07:47.462,0:07:48.782
You're thinking, "Aha!,

0:07:48.782,0:07:50.988
but New Zealand has a higher GDP

0:07:50.988,0:07:53.190
than Chad.

0:07:53.190,0:07:55.804
It's a good point, well made.

0:07:55.804,0:07:56.806
But let me show you

0:07:56.806,0:07:58.369
two other countries.

0:07:58.369,0:08:00.675
Here's the United States,

0:08:00.675,0:08:03.242
considerably richer than New Zealand,

0:08:03.242,0:08:06.148
but with a lower level of social progress.

0:08:06.148,0:08:08.630
And then here's Senegal,

0:08:08.630,0:08:11.477
it's got a higher level [br]of social progress

0:08:11.477,0:08:12.331
than Chad,

0:08:12.331,0:08:14.826
but the same level of GDP.

0:08:14.826,0:08:15.726
So what's going on?

0:08:15.726,0:08:16.345
Well, look.

0:08:16.345,0:08:18.726
Let me bring in the rest of [br]the countries of the world,

0:08:18.726,0:08:21.014
the 132 we've been able to measure,

0:08:21.014,0:08:23.752
each one represented by a dot.

0:08:23.752,0:08:24.581
There are lots of dots.

0:08:24.581,0:08:26.503
Now, obviously I can't do all of them,

0:08:26.503,0:08:28.316
so a few highlights for you:

0:08:28.316,0:08:33.116
the highest ranked G7 country is Canada.

0:08:33.116,0:08:35.190
My country, the United Kingdom,

0:08:35.190,0:08:38.177
is sort of middling, sort of dull,

0:08:38.177,0:08:39.282
but who cares,

0:08:39.282,0:08:41.240
at least we beat the french.

0:08:41.240,0:08:44.167
(Laughter)

0:08:49.177,0:08:51.344
And then looking at the emerging economies,

0:08:51.344,0:08:53.838
the bricks, top of the bricks, pleased to say,

0:08:53.838,0:08:55.507
is Brazil.

0:08:55.507,0:08:56.314
(Laughter)

0:08:56.314,0:08:58.141
Come on, cheer!

0:08:58.141,0:09:00.343
Go, Brazil!

0:09:00.343,0:09:01.676
Beating South Africa,

0:09:01.676,0:09:02.729
then Russia,

0:09:02.729,0:09:04.003
then China

0:09:04.003,0:09:05.467
and then India.

0:09:05.467,0:09:07.942
Tucked away on the right-hand side,

0:09:07.942,0:09:10.032
you will see a dot of a country with

0:09:10.032,0:09:11.485
a lot of GDP but not

0:09:11.485,0:09:13.318
a huge amount of social progress,

0:09:13.318,0:09:15.196
that's Kuwait.

0:09:15.196,0:09:16.867
Just above Brazil

0:09:16.867,0:09:19.406
is a social progress superpower,

0:09:19.406,0:09:21.013
that's Costa Rica.

0:09:21.013,0:09:22.396
It's got a level of social progress

0:09:22.396,0:09:24.661
the same as some [br]Western European countries,

0:09:24.661,0:09:26.680
with a much lower GDP.

0:09:26.680,0:09:29.022
Now, my slide is getting a little cluttered

0:09:29.022,0:09:30.514
and I'd like to step back a bit.

0:09:30.514,0:09:32.108
So let me take away these countries,

0:09:32.108,0:09:34.952
and then pop in the regression line.

0:09:34.952,0:09:36.665
So this shows the average relationship

0:09:36.665,0:09:39.206
between GDP and social progress.

0:09:39.206,0:09:41.398
The first thing to notice,

0:09:41.398,0:09:43.193
is that there's lots of noise

0:09:43.193,0:09:45.240
around the trend line.

0:09:45.240,0:09:46.275
And what this shows,

0:09:46.275,0:09:49.157
what this impiracially demonstrates,

0:09:49.157,0:09:52.522
is that GDP is not destiny.

0:09:52.522,0:09:55.395
At every level of GDP per capita,

0:09:55.395,0:09:57.103
there are opportunities

0:09:57.103,0:09:58.535
for more social progress,

0:09:58.535,0:10:01.226
risks of less.

0:10:01.226,0:10:02.496
The second thing to notice

0:10:02.496,0:10:04.559
is that for poor countries,

0:10:04.559,0:10:06.832
the curve is really steep.

0:10:06.832,0:10:07.807
So what this tells us is that

0:10:07.807,0:10:09.060
if poor countries can get

0:10:09.060,0:10:11.174
a little bit of extra GDP,

0:10:11.174,0:10:13.037
and if they reinvest that in

0:10:13.037,0:10:15.629
doctors, nurses, water supplies,

0:10:15.629,0:10:17.042
sanitation, etcetera,

0:10:17.042,0:10:19.081
there's a lot of social progress bang

0:10:19.081,0:10:20.687
for your GDP buck.

0:10:20.687,0:10:21.492
And that's good news

0:10:21.492,0:10:22.274
and that's what we've seen

0:10:22.274,0:10:23.960
over the past 20, 30 years

0:10:23.960,0:10:25.723
with a lot of people lifted out of poverty

0:10:25.723,0:10:28.273
by economic growth and good policies

0:10:28.273,0:10:30.045
in poorer countries.

0:10:30.045,0:10:32.592
But go on a bit further up the curve,

0:10:32.592,0:10:34.771
and then we see it flattening out.

0:10:34.771,0:10:36.603
Each extra dollar of GDP

0:10:36.603,0:10:38.459
is buying less and less

0:10:38.459,0:10:40.370
social progress.

0:10:40.370,0:10:41.463
And with more and more

0:10:41.463,0:10:42.508
of the world's population

0:10:42.508,0:10:45.486
living on this part of the curve,

0:10:45.486,0:10:47.300
`It means GDP is becoming

0:10:47.300,0:10:49.554
less and less useful

0:10:49.554,0:10:51.600
as a guide to our development.

0:10:51.600,0:10:54.097
I'll show you an example of Brazil.

0:10:54.097,0:10:54.970
Here's Brazil,

0:10:54.970,0:10:56.287
social progress of about

0:10:56.287,0:10:57.841
70 out of 100.

0:10:57.841,0:11:00.825
GDP per capita about [br]14,000 dollars per year.

0:11:00.825,0:11:03.256
And look, Brazil's above the line.

0:11:03.256,0:11:05.142
Brazil is doing a reasonably good job

0:11:05.142,0:11:08.797
of turning GDP into social progress.

0:11:08.797,0:11:10.454
But where does Brazil go next?

0:11:10.454,0:11:11.966
Let's say that Brazil

0:11:11.966,0:11:13.998
adopts a bold economic plan

0:11:13.998,0:11:16.561
to double GDP in the next decade.

0:11:16.561,0:11:19.857
But that is only half a plan.

0:11:19.857,0:11:21.934
It's less than half a plan

0:11:21.934,0:11:23.252
because where does Brazil

0:11:23.252,0:11:25.676
want to go on social progress?

0:11:25.676,0:11:27.904
Brazil, it's possible

0:11:27.904,0:11:29.239
to increase your growth,

0:11:29.239,0:11:30.816
increase your GDP,

0:11:30.816,0:11:32.706
while stagnating or going backwards

0:11:32.706,0:11:34.585
on social progress.

0:11:34.585,0:11:35.361
We don't want Brazil

0:11:35.361,0:11:37.233
to become like Russia.

0:11:37.233,0:11:38.358
What you really want

0:11:38.358,0:11:39.575
is for Brazil

0:11:39.575,0:11:40.941
to get eve more efficient

0:11:40.941,0:11:42.893
at creating social progress

0:11:42.893,0:11:44.239
from its GDP

0:11:44.239,0:11:47.279
so it becomes more like New Zealand.

0:11:47.279,0:11:48.099
And what that means

0:11:48.099,0:11:49.036
is that Brazil needs

0:11:49.036,0:11:50.771
to prioritize social progress

0:11:50.771,0:11:52.468
in its development plan

0:11:52.468,0:11:54.880
and see that it's not just growth alone,

0:11:54.880,0:11:57.962
its growth with social progress.

0:11:57.962,0:12:00.150
And that's what the Social Program Index does.

0:12:00.150,0:12:02.960
It reframes the debate about development,

0:12:02.960,0:12:05.030
not just about GDP alone,

0:12:05.030,0:12:07.399
but inclusive, sustainable growth

0:12:07.399,0:12:09.438
that brings real improvements

0:12:09.438,0:12:12.124
in people's lives.

0:12:12.124,0:12:14.554
And its not just about countries.

0:12:14.554,0:12:17.904
Earlier this year,

0:12:17.904,0:12:21.221
with our friends from the Amazon non-profit

0:12:21.221,0:12:22.400
here in Brazil, launched

0:12:22.400,0:12:25.388
the first sub-national

0:12:25.388,0:12:26.020
Social Progress Index.

0:12:26.020,0:12:28.868
We did it for the Amaaon region,

0:12:28.868,0:12:31.555
it's an area the size of Europe,

0:12:31.555,0:12:32.966
24 million people,

0:12:32.966,0:12:35.444
one of the most deprived [br]parts of the country.

0:12:35.444,0:12:37.254
And here are the results:

0:12:37.254,0:12:39.009
and this is broken down

0:12:39.009,0:12:42.693
into nearly 800 municipalities.

0:12:42.693,0:12:44.206
And with this detailed information

0:12:44.206,0:12:46.434
about the real quality of life

0:12:46.434,0:12:48.347
in this part of the country,

0:12:48.347,0:12:50.027
Amazon and other partners

0:12:50.027,0:12:52.686
from government and civil society

0:12:52.686,0:12:54.230
can work together to construct

0:12:54.230,0:12:55.677
a development plan

0:12:55.677,0:12:58.344
that will help really improve[br]people's lives,

0:12:58.344,0:13:01.250
while protecting that precious, global asset

0:13:01.250,0:13:04.561
that is the Amazon rainforest.

0:13:04.561,0:13:06.122
And this is just the beginning,

0:13:06.122,0:13:08.501
You can create a Social Progress Index

0:13:08.501,0:13:10.551
for any state,

0:13:10.551,0:13:11.323
region,

0:13:11.323,0:13:12.238
city

0:13:12.238,0:13:14.236
or municipality.

0:13:14.236,0:13:15.969
We all know and love TEDx,

0:13:15.969,0:13:18.261
this is SOCIALPROGRESSx.

0:13:18.261,0:13:19.585
This is a tool for anyone

0:13:19.585,0:13:21.704
to come and use.

0:13:21.704,0:13:23.195
contrary to the ways we sometimes

0:13:23.195,0:13:24.034
talk about it,

0:13:24.034,0:13:27.775
GDP was not handed down from God

0:13:27.775,0:13:30.949
on tablets of stone.

0:13:30.949,0:13:32.550
It's a measurement tool

0:13:32.550,0:13:34.854
invented in the 20th-century

0:13:34.854,0:13:37.022
to address the challenges

0:13:37.022,0:13:39.135
of the 20th-century.

0:13:39.135,0:13:41.004
In the 21st-century,

0:13:41.004,0:13:43.686
we face new challenges:

0:13:43.686,0:13:45.514
aging, obesity, climate change,

0:13:45.514,0:13:46.619
and so on.

0:13:46.619,0:13:48.223
To face those challenges,

0:13:48.223,0:13:49.943
we need new tools of measurement,

0:13:49.943,0:13:54.247
new ways of valuing progress.

0:13:54.247,0:13:56.395
Imagine if we could measure

0:13:56.395,0:13:58.925
what non-profits, charities,

0:13:58.925,0:14:01.174
volunteers, civil society organizations

0:14:01.174,0:14:04.960
really contribute to our society.

0:14:04.960,0:14:07.868
Imagine if businesses competed

0:14:07.868,0:14:11.499
not just on the basis of[br]their economic contribution,

0:14:11.499,0:14:12.963
but on their contribution

0:14:12.963,0:14:15.617
to social progress.

0:14:15.617,0:14:17.080
Imagine if we could hold

0:14:17.080,0:14:18.949
politicians to account

0:14:18.949,0:14:23.516
for really improving people's lives.

0:14:23.516,0:14:26.731
Imagine if we could work together,

0:14:26.731,0:14:28.189
governments, business,

0:14:28.189,0:14:29.683
civil society,

0:14:29.683,0:14:31.611
me, you

0:14:31.611,0:14:33.340
and make this century

0:14:33.340,0:14:36.704
the century of social progress.

0:14:36.704,0:14:37.783
Thank you.

0:14:37.783,0:14:43.815
(Applause)