Coronavirus and the Economy: Your Questions Answered

Intelligence Squared

News, Society & Culture, Arts, News Commentary

4.2 • 1.2K Ratings

🗓️ 17 April 2020

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

What will the long-term economic impact of the coronavirus pandemic be? For the fourth in a new series of interactive events from Intelligence Squared - Coronavirus: Your Questions Answered - we brought together a panel of leading experts in a free live online event to examine how Covid-19 will affect the economy around the world. How deep and long-lasting is the upcoming recession likely to be? Will the pandemic exacerbate inequality? Will we ever go back to business as usual or is the crisis an opportunity to introduce new systems and ways of thinking about the distribution of wealth? Addressing these questions were global trade expert Shanker Singham, political economist Ann Pettifor and economics professor and co-host of the podcast Capitalisn't Luigi Zingales. Chairing the proceedings and taking questions from our live audience was BBC presenter Ritula Shah. Support this show http://supporter.acast.com/intelligencesquared. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Maybe 30 or 20 years ago, a Saudi might have said, I'm Muslim and I'm Arab and I'm Saudi.
0:07.0	Now they might say, I'm Saudi and I'm Arab and I'm Muslim.
0:10.0	You know, they're trying to radically refashion their country and they need help from the best experts in the world
0:15.1	Do you want to have your country's people be disqualified from that because of some essentially antiquated point of view about how countries work together?
0:23.0	In recent months it can feel like Saudi Arabia is intent on buying the world.
0:28.0	It's bought up much of golf, sports teams, many of the globe's best soccer players to its own domestic league and it owns huge chunks of many of the biggest companies on the planet.
0:37.5	But Saudi Arabia is not just on a shopping spree.
0:40.5	The once insular oil-rich Kingdom is transforming into a major diplomatic and military
0:46.0	player, a pivotal actor in the energy transition and looks set to post high-end cultural events like the
0:51.9	FIFA World Cup.
0:53.0	You know, they know that buying a football club immediately brings you a
0:57.2	billboard into a global game that allows you to completely reposition yourself
1:02.2	or rebrand yourself.
1:03.4	It feels like we're entering the era of the Saudi project.
1:06.6	But what exactly is the kingdom trying to achieve and will it succeed?
1:10.4	Coming soon from Intelligence Squared, the Saudi Project is a new podcast series seeking to answer some of these questions and more.
1:18.0	Britain does have choices. It's not either-or situation. We either indulge Mohammed bin Salman or boycott of Mohammed
1:26.2	bin Salman. There is a third choice.
1:28.8	Search the Saudi project wherever you get your podcasts.
1:38.0	Hello, I'm Daniel. Welcome to another episode of the Intelligence Square podcast. This episode is an online live event that we staged with the title coronavirus and the economy
1:44.8	your questions answered and it featured speakers including Anne Petterfer who is a
1:49.9	political economist and the author of the case for the Green New Deal, Shankers-Singham, the global trade expert and the Italian economist Luigi Zingales in a conversation that was chaired by Ritala Schott of the BBC.
	...

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