Money talks: The problem with profits
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 29 March 2016
⏱️ 13 minutes
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| 0:00.0 | They're not authors, but they help you shape your financial story. |
| 0:04.0 | They're not an airline, but they connect global businesses across nearly 160 local markets. |
| 0:10.0 | They're not interpreters that they listen to and understand their client's needs. |
| 0:14.8 | With global expertise and over two centuries of experience, Citi provides tools, insights and |
| 0:20.8 | guidance that helps clients thrive. |
| 0:23.0 | They're not just any bank. |
| 0:25.0 | They are city. |
| 0:27.0 | Learn more at city.com slash we are city. |
| 0:30.0 | The Economist. |
| 0:34.0 | From The Economist in London, this is Money Talks, a weekly programme about news in the world of business finance and |
| 0:44.4 | economics I'm Andrew Palmer the Business Affairs editor and on today's show we're |
| 0:48.8 | going to be discussing why we should be alarmed by high profits in America and related how emerging market |
| 0:54.7 | billionaires are making their money. With me to discuss these topics is |
| 0:58.8 | Adrian Waldridge, our former Washington Bureau Chief and our current writer of the Schumpeter column. |
| 1:04.6 | Adrian let's start with America. |
| 1:05.9 | There's a howl of anger from American voters. |
| 1:08.4 | Some of it we think connected a free trade, some of it to the shenanigans of the banks but we argued last week that competition |
| 1:14.1 | is also a big part of this what exactly did we lay out you're absolutely right |
| 1:17.9 | you have a howl of anger in the United States it's coming from the right in the form of Trump and it's coming |
| 1:24.0 | from the left in the form of Bernie Sanders and it has this common |
| 1:28.4 | characteristic that people feel that the system isn't working for them. On the |
| 1:32.3 | right they're more likely to blame |
... |
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