From Del Boy to Dogecoin: How we all got hooked on getting rich quick

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 14 April 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

When did we all start wanting to invest in stock and shares? And who were the winners and losers of the investment boom? Dr Amy Edwards, senior lecturer in Modern British History at the University of Bristol and author of Are We Rich Yet?: The Rise of Mass Investment Culture in Contemporary Britain, tells Ahir Shah about how our lives changed forever in the 1980s as investment became a way of life rather than something you do. “Investment culture didn’t begin with Thatcher, but it really took off in the 1980s.” “Our entire culture changed with privatisation.” “There was a huge explosion in investment cowboys.” https://www.patreon.com/bunkercast https://www.ucpress.edu/book/9780520385467/are-we-rich-yet Presented and written by Ahir Shah. Audio production by Alex Rees. Producer: Kasia Tomasiewicz. Lead Producer: Jacob Jarvis. Music: Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production Instagram | Twitter Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
0:17.0	Let's talk about working, learning, saving and making the most of living longer.
0:22.0	Phoenix Group is the UK's largest long-term savings and retirement business.
0:28.0	Search Phoenix Group living longer.
0:30.0	Pets brings so much joy.
0:32.0	From those happy greetings at the door to the warm cuddles on the sofa
0:36.7	so give a little love back with dental life from Purina a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so
0:55.3	look after theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome to the bunker I'm Ahir Shah.
1:11.0	In 1980s Britain the culture of investment changed dramatically.
1:15.8	In 1984, about 3.5% of British adults own shares.
1:20.9	That was the year in which BT was privatised. And just four years later that proportion had risen to between a fifth and a third of the adult population owning shares.
1:31.0	What shaped this change in investment culture and how does it affect us today?
1:35.4	Joining me to discuss this is Dr Amy Edwards, senior lecturer in modern British history at
1:40.2	the University of Bristol and author of the new book Are We Rich Yet, The Rise of Mass Investment
1:45.6	Culture in Contemporary Britain. Dr Edwards, welcome to the bunker.
1:48.6	Hi, thanks for having me.
1:49.8	In your book, you identify this massive cultural shift in the mid-1980s where on the face of it, seemingly overnight,
	...

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