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Money Talks from The Economist

Money Talks: Politics in the boardroom

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 13 April 2021

⏱️ 29 minutes

🧾️ Download transcript

Summary

From voting rights to climate change, companies are under pressure to speak out—is it wise to mix business and politics? Also, China’s state control over tech giants like Ant Group is growing. Trillions of dollars in market value are at stake. And, as crypto-marketplace Coinbase prepares to list and bitcoin’s value surges, we take a look at the currency’s hidden costs. Rachana Shanbhogue hosts


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Transcript

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0:00.0

Imagine you, you in a nice comfy seat with your hands behind your head,

0:07.6

taking in the views, instead of taking on the road, maybe even taking a nap.

0:13.6

That's the bliss of getting where you need to go without worrying about driving.

0:19.2

Look your train journey by at avantiwesscoast.co.uk and we'll take you there.

0:24.4

Avantiwesscoast, feel good travel.

0:38.5

From climate change to gun control to voting rights, how involved should companies get in politics?

0:45.6

Your listening to money talks on economist radio are weekly podcast on the markets,

0:50.0

the economy and the world of business. I'm Ratchnashan Bogue, finance editor at the economist,

0:55.8

and also on today's show. As China's stake control over big tech grows,

1:01.2

trillions of dollars in market value are at stake. It's a bad time to be the top entrepreneur in China.

1:08.5

And crypto marketplace coinbase is preparing to list in New York. We take a look at the hidden

1:14.2

costs of Bitcoin. The annual carbon footprint of Hong Kong,

1:17.9

that's an awful lot of carbon to admit for a currency that, you know, when it comes to actually

1:23.2

buying selling things is still a pretty fringe business.

1:32.7

First, for the past century, Republicans have been seen as the party of big business in America

1:38.4

and Democrats as the party of Labour. And though the divide has never been tidy,

1:42.8

that old order is being torn up as the line between politics and business blurs beyond recognition.

1:48.8

Senate minority leader Mitch McConnell, long the champion of big business, warned recently,

1:53.6

My advice to the corporate CEOs of America is to stay out of politics. Don't pick sides in these

1:59.5

big fights. And yet, companies of all sizes are under tremendous pressure, especially from the left,

2:05.3

not just to pick a side on a huge array of issues, but to come out and fight for it.

2:09.6

America's political war really is shifting onto the constitution and Georgia has passed a

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