Spotlight On Piketty

Intelligence Squared

Arts, News, Society & Culture, News Commentary

4.2 • 1.1K Ratings

🗓️ 21 May 2015

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this rare appearance in London, French economist Thomas Piketty appeared centre stage for Intelligence Squared, along with a panel of experts, to debate his findings of his book 'Capital in the 21st Century', an analysis of the causes and growth of inequality that was the publishing sensation of 2014. Do the alleged inaccuracies found in Piketty’s historical data affect the premise of his book? Is he right to predict that inequality will continue to rise during the 21st century? Is the allegedly growing wealth gap a threat to democracy? And what should we make of his proposal for a global tax on wealth? Appearing alongside Piketty were Economics Editor of the Sunday Times David Smith and Associate Editor and Chief Economics Commentator at the Financial Times Martin Wolf. The event was chaired by former BBC economics editor Stephanie Flanders. Support this show http://supporter.acast.com/intelligencesquared. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Krakhan.
0:03.0	Crypto is like finance, but different.
0:06.0	It doesn't care when you invest, trade or save, do it on weekends,
0:11.0	or at 5 a.m.
0:12.0	Or on Christmas Day, at 5 a.m. or on Christmas day at 5 a.m.
0:15.2	crypto is finance for everyone, everywhere all the time.
0:19.4	Visit crackin.com slash see what crypto can be to learn more don't invest unless you're prepared to
0:24.3	lose all the money you invest this is a high-risk investment and you should not expect
0:27.7	to be protected if something goes wrong maybe 30 or 20 years ago a might have said, I'm Muslim and I'm Arab and I'm Saudi.
0:37.0	Now they might say, I'm Saudi and I'm Arab and I'm Muslim.
0:40.0	You know, they're trying to radically refashion their country and they need help from the best experts in the world
0:45.2	Do you want to have your country's people be disqualified from that because of some essentially antiquated point of view about how countries work together?
0:53.6	In recent months it can feel like Saudi Arabia is intent on buying the world.
0:57.9	It's bought up much of golf, sports teams, many of the globe's best soccer players to its own domestic league and it owns huge chunks of many of the biggest companies on the planet.
1:07.5	But Saudi Arabia is not just on a shopping spree.
1:10.5	The once insular oil-rich Kingdom is transforming into a major diplomatic and military
1:16.1	player, a pivotal actor in the energy transition and looks set to host high-end cultural events like
1:21.9	the FIFA World Cup.
1:23.0	You know, they know that buying a football club immediately brings you a
1:27.2	billboard into a global game that allows you to completely reposition yourself
1:32.3	or rebrand yourself.
1:33.4	It feels like we're entering the era of the Saudi project.
	...

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