What's wrong with capitalism? This is Money podcast
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 10 June 2016
⏱️ 50 minutes
🧾️ Download transcript
Summary
It's not been a great week for big business? Sir Philip Green and the bosses at BHS have seen even greater criticism and Sports Direct's Mike Ashley was hauled in front of MPs.
So is our modern of big business capitalism going badly wrong?
Have we built an economy where it's low pay and bad conditions for the workers but huge rewards for the bosses?
Do we need to worry about inequality?
Simon Lambert and Rachel Rickard Straus, of This is Money, join Georgie Frost, of Share Radio, in the studio to tackle those thorny questions - and try to find some good news and put a smile on your face along the way.
In that good news corner comes a victory for borrowers over a bank that ripped up the tracker mortgage rule book and a reader who wants to know if they've struck it lucky with a rare 50p.
Listen to the show, leave us a comment and please rate it and share it if you like it.
Transcript
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| 0:00.0 | On digital radio across the UK and online, this is Share Radio. |
| 0:13.3 | This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings. |
| 0:20.8 | Thank you. NS&I, giving you 100% security for your savings. |
| 0:40.4 | A very warm welcome to This is Money and Share Radio podcast in partnership with NS&I. |
| 0:43.3 | I'm Georgie Frost here with you on DAB across the country. |
| 0:50.3 | We're online and through the Share Radio mobile app every weekday from 9 until midday sharing ideas about money. |
| 0:58.2 | And joined in the studio by editor, This is Simon Lambert and personal finance editor Rachel Rickard Strauss from This Is Money to talk through some of the stories on their award-winning website that they've been investigating over the last seven days. |
| 1:01.1 | And on the agenda today, they'll be running the rule over what has been a terrible, but my goodness, |
| 1:06.5 | engrossing week for British business with bosses at Sports Direct and then BHS called to answer MP's |
| 1:13.1 | questions about a host of wrongdoings of their companies. |
| 1:17.4 | Do you think your company has outgrown your ability to manage it? Probably a long time ago. |
| 1:22.5 | Could you tell us whether it is true that Dominic Chappelle tried to take one and a half million |
| 1:27.4 | pounds out of the business and put it into a company called BHS Sweden. |
| 1:31.3 | That is true. |
| 1:32.1 | Fair to say that you've made a profit out of this? |
| 1:35.0 | Yes, it is. I have made a profit out of this. |
| 1:37.6 | With all the Brexit mudslinging, it's actually been nice to talk about MPs as the good guys this week. |
| 1:43.0 | But don't worry, we'll be talking about |
| 1:44.7 | that too. And the impact that all the speculation is having on the pound, billions of which |
| 1:49.8 | have reportedly already left our shores. That's just on the thought that the UK could leave |
| 1:54.9 | the European Union. These are not investors in a long-term future of Britain suddenly changing |
| 2:00.1 | their plans. I think it's much ado about nothing. |
... |
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