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Money Talks from The Economist

Money talks: The homeless elite

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 1 November 2016

⏱️ 17 minutes

🧾️ Download transcript

Summary

Adrian Wooldridge talks about the political isolation of America’s business class. Ryan Avent assesses the future of the gig economy after a court rules against Uber in Britain. And finally: buy a pair of TOMS Shoes and the company will donate a pair to a child in need. But does it actually do good? Soumaya Keynes reports on the economics of this one-to-one scheme.

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Transcript

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0:00.0

Attention at all passengers. You can now book your train tickets on Uber and get 10% back in Uber credits to spend on your next train journey.

0:11.0

So no excuses not to visit your in-laws this Christmas.

0:16.5

Trains now on Uber. T's and C's apply check the Uber app.

0:28.6

Hello I'm Simon Long, the finance editor, and you're listening to Money Talks. This week Adrian Waldridge talks about the political homelessness of America's business class,

0:33.0

all around the world of powerful forces,

0:35.4

and a marginalizing business.

0:37.2

And after a British tribunal makes a landmark ruling against Uber,

0:40.9

Ryan Avant discusses the future of work in the GIT economy.

0:44.2

I think what we're going to see is the emergence of a new set of rules and regulations that

0:48.4

govern this kind of in-between sort of employment.

0:51.1

And finally, free shoes to children in need?

0:54.0

What could possibly go wrong?

0:55.7

Samaya Keynes looks at the economics of a one-for-one shoe offer.

0:59.2

The academic described them as a welcome gift, but they're not having the kind of transformative effects on these kids

1:04.5

lives that maybe the people buying the shoes might be led to believe.

1:09.6

But first, American Big Business is lamenting that it's lost influence in its ancestral political

1:14.8

party, the Republicans, which is odd, considering its current champion, is himself a

1:20.0

tycoon, Donald Trump.

1:21.9

It reduces or eliminates most of the deductions and loopholes available to special interests

1:29.2

and to the very rich.

1:31.0

In other words, it's going to cost me a fortune. We talked about this last week in a special

1:35.1

segment pitting Wall Street against Main Street, tackling the question of just how responsible

...

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