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The John Batchelor Show

#StateThinking: Is American Capitalism healthy and prospering or frail and in retreat? @MaryKissel Former Senior Adviser to the Secretary of State. Executive VP Stephens Inc

The John Batchelor Show

John Batchelor

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4.52.8K Ratings

🗓️ 8 February 2023

⏱️ 10 minutes

🧾️ Download transcript

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@Batchelorshow

#StateThinking: Is American Capitalism healthy and prospering or frail and in retreat? @MaryKissel Former Senior Adviser to the Secretary of State. Executive VP Stephens Inc.

https://www.bloomberg.com/opinion/articles/2023-02-07/democracy-and-capitalism-are-running-on-fumes?sref=5g4GmFHo


Transcript

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0:00.0

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0:21.6

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0:26.6

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0:30.1

This is CBS Eye in the World. I'm John Dachshund with my colleague, Mary Kissel, executive

0:39.1

vice president, Stevenson, corporate former senior advisor to the Secretary of State for

0:43.7

many years with the Wall Street Journal in East Asia for the editorial board. A new book,

0:50.0

the crisis of democratic capitalism, which I've not read. I'm looking forward to it by Martin

0:53.9

Wolf, the distinguished economist columnist for the financial times. In summary is very

1:01.1

unhappy with the way capitalism is being practiced. Billions for a few and no improvement in

1:08.4

life for the many. This is the equity story that we practice in America, but Martin Wolf's

1:14.9

in Englishman. And the column by Adrian Waldrich, a distinguished columnist for Bloomberg

1:20.0

opinion, much on this show the last years when he was running for the economist finds

1:25.1

there are things to celebrate in this book, which is bearish, which is unhappy with the

1:30.9

way we practice capitalism. Mary, I sent you the column because there's a criticism

1:35.9

here of America that's implicit that we turn to bread and circuses when in doubt that

1:41.6

our populist left and populist right practice magic on television and little changes until

1:48.8

we change the way we practice capitalism. Does that resonate with you, Mary, and all the

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