Money Talks: How to Save a Doomed Economy
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 20 August 2024
⏱️ 36 minutes
🧾️ Download transcript
Summary
How do you save a region from an economic tailspin? For this Money Talks, Felix Salmon chats with Paul Collier, author of The Bottom Billion and, most recently, Left Behind: A New Economics for Neglected Places. They discuss the economic and political forces that drag countries and regions to the bottom — and how they might be saved. Paul gives examples across time and geography, from Cold War-era Germany to modern-day Africa.
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Podcast production by Jared Downing and Cheyna Roth.
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Transcript
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| 0:00.0 | Hello and welcome to money talks from Slate Money. |
| 0:16.8 | I'm Felix Simon of Axios. |
| 0:18.6 | This is Money Talks where we talk to very interesting and fabulous people |
| 0:22.3 | about big, wonderful wonderful interesting ideas and this week we have Paul Kolya. Paul welcome. |
| 0:30.0 | Thanks very much for inviting me. So introduce yourself Paul who are you? Oh dear I'm a professor |
| 0:36.5 | that's so always I write books that people read I wrote the bottom billion which has been read by many millions of people and more |
| 0:45.3 | recently I wrote the future of capitalism and now left behind left behind is an economics |
| 0:51.9 | book which is endorsed by some of the fanciest economists in the world |
| 0:56.2 | do Nobel Prize winners is subtitled a new economics the neglected places. |
| 1:02.8 | So Paul, we are going to talk about all manner of different regions. |
| 1:06.6 | We're going to talk about the Basque region in Spain, |
| 1:09.3 | about South Yorkshire and England, about the Midwest in the United States, but also about various |
| 1:14.7 | countries in sub-Saharan Africa. |
| 1:16.4 | We have a lot of different areas that may have been left behind, and we're going to try and |
| 1:21.0 | work out what causes them to spiral down and more importantly |
| 1:25.0 | what might cause them to spiral back up again. That is all coming up on money talks. talks. |
| 1:34.0 | AI might be the most important innovation ever. |
| 1:37.0 | It's storming every industry with literally billions being invested. So buckle up. The problem is that |
| 1:46.2 | AI needs the right data and a lot of speed and processing power. So how do you compete without costs |
| 1:51.3 | spiraling out of control? |
| 1:53.0 | Time to upgrade to the next generation of the cloud, |
| 1:56.0 | Oracle Cloud Infrastructure or OCI. |
... |
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