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Intelligence Squared

The Sunday Debate: Abolish Billionaires

Intelligence Squared

Intelligence Squared

News, Society & Culture, Arts, News Commentary

4.21.2K Ratings

🗓️ 8 May 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

Reportedly the planet's richest person, multibillionaire Elon Musk is currently seeking to buy the World's online public square, Twitter. Should billionaires be able to buy so much influence? For this week's Sunday Debate we revisit a discussion from 2021 investigating just that, when we invited Professor Linsey McGoey of Essex University and Ryan Bourne of the Cato Institute go head to head on whether society should tolerate the existence of billionaires. The debate was chaired by Economics Editor at BBC Newsnight, Ben Chu. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello, I'm journalist and presenter Ritala Shah. I want to let you know about an event

0:05.1

I'm hosting for Intelligent Squared on the 9th of October in London. I'll be talking

0:10.0

to Michael Lewis, the renowned author of best-selling books, including Moneyball, The Big Short,

0:15.8

Flash Boys and Liars Poca. We're going to be discussing his most anticipated work to

0:21.4

date, going infinite the rise and fall of a new tycoon. It's a gripping real-time narrative

0:28.2

telling the story of Sam Bankman Fried, who became the world's youngest billionaire

0:33.2

before his 30th birthday and was behind one of the most catastrophic financial meltdowns

0:38.9

of the 21st century. Lewis was granted unprecedented access to his subject, allowing him to

0:45.0

witness Bankman Fried's entire tumultuous journey. We'll learn all about this unconventional

0:50.6

figure who nonchalantly wore cargo shorts and played video games while giving interviews,

0:56.5

but remained a mystery even to his investors. What gave him such an outstanding ability to

1:02.6

make money and what led to the spectacular collapse of his empire? To hear the tale of

1:08.4

an extraordinary individual and a 21st century epic encompassing high frequency trading

1:14.6

insane amounts of money, hubris and downfall. Join us at 7pm on the 9th of October in London

1:22.2

or online, just visit IntelligentSquared.com to find out more.

1:52.2

If humans are to blame for climate change, then we must also provide the solutions. And

2:05.4

that's where energised comes in. Join me as I bring together experts and policymakers

2:11.1

to delve deep into the key issues at the heart of the global drive towards net zero and

2:15.9

the innovations that promise to accelerate the energy transition and transform the way

2:21.3

we live. Just search energised wherever you get your podcasts.

2:31.5

Welcome to IntelligentSquared. I'm Connor Boyle. This week, what to do with the world's

2:36.6

billionaires? We'll be revisiting a timely chat on the topic on how so few can control so much.

...

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