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Odd Lots

An Anthropologist Explains How Wall Street Culture Reshaped The Entire Economy

Odd Lots

Bloomberg

Business, News, News Commentary, Investing, Business News

4.52K Ratings

🗓️ 4 November 2019

⏱️ 45 minutes

🧾️ Download transcript

Summary

Where did the notion come from that the obligation of a company's management is to maximize shareholder returns, even if it means pain for workers? On this week's Odd Lots podcast, we speak with Karen Ho, a professor of anthropology at the University of Minnesota, who can answer the above question. Unlike your typical anthropologist, she did her field work inside a Wall Street bank to discover how the specific culture of finance bled through to the real economy.

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Transcript

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0:00.0

When you get your news from Bloomberg, you don't just get the story. You get the story behind the story.

0:07.0

How your Evie's battery may not be as green as it seems.

0:11.0

Why a decrease in global birth rates could send countries scrambling to increase immigration.

0:16.2

You get context.

0:17.6

And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg

0:24.6

dot com to get context. Hello Oddlots listeners it's Joe Weisenthall.

0:42.8

Now before we get to today's show, I wanted to tell you about another one of our great

0:46.8

podcasts here at Bloomberg, Bloomberg Surveillance.

0:50.0

So every day of the week, Tom Keene, Jonathan Farrell, and Paul Sweeney deliver insight on market

0:55.8

news of the day with leaders in global finance, politics, and economic.

1:00.7

In a recent episode they spoke with a brand strategy expert on We Works Wild Ride, a global leader in foreign affairs on Trump's Middle East policy, and a top fixed income strategy just on Europe's low interest rates.

1:12.0

If you feel like you need a daily

1:13.4

podcast in your life definitely check out Bloomberg surveillance it'll be right

1:17.5

up your alley and you can find every new episode of Bloomberg's

1:21.3

surveillance weekday mornings.

1:23.2

Subscribe to them on Apple Podcasts, Spotify, or your favorite podcast app. I'm Joe Wiesenthaw.

1:44.0

Hello and welcome to another episode of the Odd Lots Podcast.

1:51.0

I'm Tracy Allaway. And I'm Joe Wisenthall.

1:55.0

Joe, did you get retweeted by Ann Coulter today?

1:58.2

What?

2:00.2

Bet you weren't expecting that.

2:02.2

What made you bring that up.

...

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