4.7 • 5.1K Ratings
🗓️ 1 October 2024
⏱️ 45 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | I'm Tom Biliu and this is Impact Theory. |
0:03.0 | Today I'm joined by Rory Stewart, a former diplomat, politician, and author who has spent his career navigating the high stakes |
0:10.4 | complexities of geopolitics and economics. We dig into some of the most pressing... high stakes social media's ability to mess with people's heads to the profound effects of |
0:24.4 | economic inequality and rising unrest across the globe. Rory is extremely |
0:29.2 | thoughtful and while we disagree on many things he has a voice that I think adds an important |
0:34.5 | dimension to public discourse and I'm glad that I had a chance to sit down with him. |
0:38.0 | I'm eager to hear what you guys think about his ideas, so be sure to leave a comment on |
0:42.1 | Spotify with your take. With that I bring you |
0:44.8 | my conversation with Rory Stewart. Rory Stewart, welcome to the show. Thank you for having me. |
0:51.3 | It is an honor man. You're going to help all of us think through what I think are some very difficult |
0:56.3 | problems and I want to start with the economy and some of the knock-on effects. So let me ask, why are so many Western economies right now very fragile? |
1:09.0 | Well, I think one answer is that nobody really knows. I mean it's amazing how often very distinguished |
1:16.2 | Nobel Prize winning economists get this stuff wrong. But clearly we have certain problems and the most obvious one is demographic. |
1:25.7 | So most of our countries are birth rates are falling and we're getting older. |
1:30.7 | And as we get older we become more expensive to look after, particular medical terms. |
1:36.1 | In Britain the statistics are very stark when we set up the welfare state before the First |
1:41.2 | World War there were 20 working people for every one |
1:43.8 | retired person. Today we've got just under three working people for every one |
1:48.6 | retired person. So you can see the balance has changed very dramatically in terms of who's paying for who. |
1:55.0 | Second bit that comes out of that of course is that our economies are increasingly dependent on immigration. |
2:03.0 | And that's particularly for running care systems, running service industries, |
2:11.0 | but it's also increasingly true for skills |
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