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The David McWilliams Podcast

A Kick In The Jackson's Hole

The David McWilliams Podcast

David McWilliams

News & Politics

4.6643 Ratings

🗓️ 27 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

In this episode, we kick things off by delving into the secluded world of Jackson Hole, where central bankers and economic elites gather in a remote Wyoming enclave, musing over the fate of global economies while casting their lines into serene rivers. It's a world of high-stakes policy decisions and economic riddles, wrapped in the calm of the American wilderness. But while these powerbrokers debate interest rates and inflation, we take a hard look at the other side of the global economic coin. In the Mediterranean, once-thriving wine and olive farms are now casualties of globalisation, with local agriculture outpriced by industrial farming giants from Northern Europe. Meanwhile, tourism, driven by cheap flights and the Airbnb boom, has transformed these rural communities into seasonal hotspots—leaving them deserted for much of the year. It's a clash of worlds, from the plush isolation of Jackson Hole to the abandoned farmlands of Southern Europe, as we explore the very real human costs of our modern global economy.


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Transcript

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0:00.0

How did the dog sneak out?

0:02.4

When did that parcel vanish?

0:04.8

Who was outside last night?

0:07.4

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0:09.8

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0:13.5

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0:17.6

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0:25.8

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0:33.3

Moving money used to be slow.

0:38.1

But now, you can move money fast with Visa Direct.

0:43.7

Meet the need for speed, even across more than 11 billion cards, accounts and wallets.

0:51.7

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1:00.7

To understand the economy, you have to understand human nature.

1:08.9

This podcast is powered by ACAST.

1:14.5

How are you doing there?

1:15.7

It is time for the podcast.

1:18.2

I hope you are feeling well.

1:20.1

I hope this summer has been very kind to you.

1:23.2

And I hope that you're looking forward to returning to normality,

1:27.1

whatever normality is in your world.

1:29.7

In actual fact, I think it's fair to say, it's very little normality anymore.

1:33.4

And actually, we're going to talk about the lack of normality through the perception and the

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