Money Talks: The bossy state
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 12 January 2022
⏱️ 36 minutes
🧾️ Download transcript
Summary
Governments around the world are deciding it is time to bring big business to heel. Host Rachana Shanbhogue and The Economist’s business editor Jan Piotrowski explore the new age of state interventionism. A suite of old tools is being dusted off and reimagined—from a return to picking winners to turning the century-old global tax system on its head. The big state is back in business.
With Oren Cass, director of American Compass; Sarah Miller, founder of the American Economic Liberties Project; Christiane Arndt-Bascle, head of regulatory performance at the OECD; and Professor Michael Devereux, director of the Centre for Business Taxes at Oxford University.
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Transcript
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| 0:00.0 | With so much uncertainty in the world, businesses need a solid plan that they can implement |
| 0:04.8 | quickly. |
| 0:05.8 | A plan that's ambitious enough to drive the scale of transformation with practical solutions |
| 0:10.4 | to provide real-world results. |
| 0:12.5 | With over 9,000 professionals in 120 countries, the EY Parthenon teams help businesses realise |
| 0:18.5 | their strategy with speed and certainty. |
| 0:21.2 | To learn more about EY Parthenon's individual approach to strategy and tech-enabled transformation, |
| 0:26.8 | research EY Parthenon and real-world strategy now. |
| 0:38.4 | On the surface, business has rarely had it so good. |
| 0:42.8 | Profits and share prices are near record levels. |
| 0:45.9 | Many companies benefited from pandemic relief programmes. |
| 0:49.7 | Mega deals are at all time highs. |
| 0:52.5 | But for how long? |
| 0:54.7 | Experts around the world want to bend companies to their will. |
| 0:58.7 | The big state is back in business. |
| 1:01.7 | I'm Rachna Shahnboad, the economist finance editor, and this is Money Talks, our weekly |
| 1:08.2 | podcast on the markets, the economy and the world of business. |
| 1:12.2 | Today, we're looking at a new age of interventionism. |
| 1:15.9 | It won't work for the free market to simply ensure that your own corporations thrive and succeed. |
| 1:22.1 | Public distrust of big business and political frustration in the face of global challenges |
| 1:27.3 | are combining into a potent force. |
| 1:29.8 | It's clearly the place where there is closest to bipartisan consensus and progress. |
... |
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