Larry Summers on the Politics & Economics of Envy

On with Kara Swisher

New York Magazine

News Commentary, News, Society & Culture

4.2 • 2.2K Ratings

🗓️ 20 April 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

We turn to economist and former Treasury Secretary, Lawrence Summers, to help us make sense of inflation, Silicon Valley Bank and what Biden should do next. Also on the agenda: why Summers believes in a politics and economics of opportunity — “not of envy.” Plus, why he thinks America needs more people like Jeff Bezos and Bill Gates. Questions? Comments? Email us at [email protected] or find us on Twitter @karaswisher and @nayeema Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hi everyone from New York Magazine in the Vox Media Podcast Network.
0:10.4	This is Rupert Murdoch, now $787.5 million poor.
0:16.8	Not kidding and the lawsuits are not over yet.
0:19.1	This is on with Kara Swisher and I'm Kara Swisher.
0:22.4	And I'm Neymar Raza.
0:23.4	If only Rupert Murdoch was paying out of his own pocket, shareholders.
0:26.6	Of course we're going to be pretty pissed.
0:29.0	So that's another set of lawsuits headed his way.
0:31.5	Actually there's already one claim submitted by shareholders accusing Fox of a breach in
0:35.6	their fiduciary duty.
0:36.6	I would say so.
0:37.6	I think they've got plenty of proof.
0:39.2	They can just, you know, ask Dominion for some documents and everything.
0:43.1	So we are not lawyers must escape.
0:45.1	It must say, allegedly.
0:46.7	But yes, Fox has settled the defamation suit brought by Dominion to the tune of $787.5
0:53.3	million.
0:54.3	They did?
0:55.3	They did.
0:56.3	Managed to skirt the question of whether the networks spread those statements that were deemed
1:00.7	to be false by the core and acknowledged to be false by Fox in their statement, with
1:04.4	malice or with flagrant disregard for the truth.
	...

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