Money Talks: The inheritance of Joe
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 10 November 2020
⏱️ 24 minutes
🧾️ Download transcript
Summary
Coaxing the American economy back to health will be an unenviable challenge for the 46th president. From taxes to tariffs, we assess the task. And, as Ant agonises, what does the fate of the world’s biggest suspended IPO reveal about the future of private enterprise in China? Simon Long hosts
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Transcript
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| 0:00.0 | Hello and welcome to Money Talks on Economist Radio, our weekly podcast on the markets, the economy and the world of business. |
| 0:15.0 | I'm Simon Long and coming up on today's show |
| 0:20.0 | Joe Biden will be the 46th president of the United States. |
| 0:24.0 | He inherits an economy marred in an unprecedented crisis |
| 0:28.0 | and in a once in a generation state of flux. |
| 0:31.0 | We assess the mess he faces. |
| 0:34.0 | It's not a free lunch rate. There are fiscal consequences of a multi trillion dollar |
| 0:38.0 | stimulus package. |
| 0:39.0 | The kind of economy Biden will inherit will be an unequal one. |
| 0:42.0 | States and local government are in real... me Biden will inherit will be an unequal one. |
| 0:42.8 | States and local government are in real financial difficulty at the moment. |
| 0:46.2 | What do you do with the tariffs? The push for decoupling is going to continue. |
| 0:50.5 | And the world's biggest IPO that wasn't. |
| 0:55.0 | What does the fate of Ant Group reveal about the future of private enterprise in China? |
| 1:00.1 | Are these going to be regulations that will actually ensure that there will be space for challengers to come in? |
| 1:05.4 | Or will it be the deadening hand of the state that will stifle some of China's most dynamic private sector players. But first. |
| 1:20.0 | I sought this office to restore the soul of America to rebuild the backbone of this nation, |
| 1:27.2 | the middle class, and to make America respected around the world again. |
| 1:32.3 | Joe Biden will be the next president of the United States. |
| 1:35.0 | And now the work of making that vision is real. |
| 1:39.0 | It's a task, the task of our time. |
| 1:42.0 | But that task is a daunting one. He inherits a complex |
... |
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