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Money Talks from The Economist

Money Talks: Reweaving America’s safety-net

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 2 June 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

President Joe Biden wants to Europeanise the American welfare state. How will the biggest social-policy experiment since the 1960s work—and who will pay for it? Also, the work from home revolution promises a financial reckoning for commercial property. And, as LGBT+ Pride month begins, how can companies avoid “rainbow-washing”? Host Simon Long explores the pitfalls of woke advertising.


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Transcript

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0:00.0

Does business growth have you eyeing market expansion to North America?

0:04.4

Come to one of the continent's most business-friendly locations, Alberta.

0:08.2

With the lowest corporate income tax rate in Canada,

0:10.6

business opportunities are big, bold and vast.

0:13.4

Fueled by smart talent in dynamic cities like Calgary and Edmonton,

0:17.0

the youngest workforce in Canada and connectivity across the globe,

0:20.2

Alberta is a strategic gateway for doing business throughout North America and beyond.

0:24.4

Visit investalberta.ca today to learn more.

0:28.2

Big, bold, Alberta.

0:36.2

In 1996, then Senator Joe Biden voted for sharp reductions in cash payments for single mothers,

0:43.2

arguing that the culture of welfare must be replaced with the culture of work.

0:48.2

25 years later, his administration is promoting the biggest expansion of the American welfare state

0:54.2

since the 1960s.

0:56.2

Can Mr. Biden Europeanize American social policy?

1:00.2

You're listening to money talks on economist radio,

1:03.2

our weekly podcast on the markets, the economy and the world of business.

1:07.2

I'm Simon Long, editor at large at the economist.

1:11.2

Coming up on today's show, the pandemic has normalised working from home,

1:16.2

but what happens to the office if workers stay there?

1:19.2

Even after offices open up, many people will continue to work remotely.

1:24.2

What commercial property owners are trying to figure out is how this will impact their investments.

1:29.2

And June is pride month,

...

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