Secrets of Capitalism - Religion and Science
Thinking Allowed
BBC
4.4 • 997 Ratings
🗓️ 22 September 2010
⏱️ 29 minutes
🧾️ Download transcript
Summary
The United States does not have the highest living standard in the world - The washing machine has changed the world more than the internet - People in poor countries are more entrepreneurial than people in rich countries: Three contentions from the economist Ha-Joon Chang as he joins Laurie Taylor and tries to dispel what he sees as the myths and prejudices of free-market capitalism. He claims that we labour under the misconception that financial markets become more efficient, when the opposite is true and his analysis suggests that by breaking free of its free-market ideology, capitalism can be vastly improved. Producer: Chris Wilson.
Transcript
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| 0:00.0 | Take some time for yourself with soothing classical music from the mindful mix, |
| 0:06.0 | the Science of Happiness Podcast. |
| 0:08.0 | For the last 20 years I've dedicated my career to exploring the science of living a happier more meaningful life and I want |
| 0:14.4 | to share that science with you. |
| 0:16.1 | And just one thing, deep calm with Michael Mosley. |
| 0:19.4 | I want to help you tap in to your hidden relaxation response system and open the door to that calmer place within. |
| 0:27.0 | Listen on BBC Sounds. |
| 0:30.0 | Just before this BBC podcast gets underway, here's something you may not know. |
| 0:36.0 | My name's Linda Davies and I Commission Podcasts for BBC Sounds. |
| 0:40.0 | As you'd expect, at the BBC we make podcasts of the very highest quality, |
| 0:44.4 | featuring the most knowledgeable experts and genuinely engaging voices. |
| 0:49.5 | What you may not know is that the BBC makes podcasts about all kinds of things like pop stars |
| 0:55.8 | poltergeist cricket and conspiracy theories and that's just a few examples |
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| 1:08.0 | This is a Thinking Loud Podcast from the BBC and for more details in our terms of use and much much more about |
| 1:14.7 | thinking aloud go to our website at BBC.co. UK. |
| 1:20.3 | Hello well that's reassuring isn't it? It turns out that according to three headlines |
| 1:25.0 | that I've looked at today that business secretary Vince Cable is not a Marxist. |
| 1:30.0 | Phew! That's a close call. I mean, how on earth could we have coped with the leading member of the Coalition whose sole |
| 1:34.9 | goals the overthrow of capitalism and all its works and the assumption of power by the revolutionary |
| 1:40.0 | proletariat? |
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