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The David McWilliams Podcast

Why healthy economies are inherently unstable not inherently stable!

The David McWilliams Podcast

David McWilliams

News & Politics

4.6643 Ratings

🗓️ 16 July 2019

⏱️ 26 minutes

🧾️ Download transcript

Summary

What do you get when you cross Donna Summer, David Bowie, Bitcoin, Joseph Schumpeter, creativity and innovation? You get the essence of the modern capitalist economy, something called “creative destruction” - the most potent force in economics. In this podcast ,we explore the role of disruption in the economy from 1970s disco beats to 21st century blockchain technology. Hope you enjoy it and tell us about what you thought!

Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.


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Transcript

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0:00.0

How did the dog sneak out?

0:02.4

When did that parcel vanish?

0:04.8

Who was outside last night?

0:07.4

Arlo doesn't miss a thing.

0:09.8

From 4K cameras to powerful AI detection,

0:13.5

Arlo makes a watched over space, a safer space.

0:17.6

Arlo, 10 years of innovation in one powerful security system.

0:25.8

Find out more and get conditions at arlo.com.

0:34.0

What in the world is happening on Wall Street?

0:36.4

Economic indicators. Who knows where this is going on Wall Street? Economic indicators.

0:38.0

Who knows where this is going to end up?

0:40.0

To understand the economy, you have to understand human nature.

0:51.9

Welcome to the Dave McWilliams podcast.

0:54.0

Hope all is going well. And as you know, the podcast is all about trying to make economics accessible, comprehensible, and I suppose above all, relevant to your life. This week, we're going to be talking about disruption. This new word we hear everywhere. Disruptive technologies, creative disruption, people new word we hear everywhere, disruptive technologies, creative disruption,

1:14.3

people who disrupt, how does that actually change the economy, the economics of disruption?

1:21.6

That's what we're going to be talking about this week.

1:25.6

Before we begin, I want to just mention that this episode is brought to you thanks to our Patreon supporters.

1:31.2

And to help support the content and perhaps more importantly to unlock exclusive comment and scenes and footage and episodes,

1:37.1

please consider becoming a patron at patreon.com forward slash David McWilliams.

1:46.1

As always, I'm joined by my own mate, John Davis. How are you, Head?

1:49.7

Very good. We'd see Lucy's hammering away on the piano downstairs.

1:53.3

Lucy is hammering away in the piano. Lucy is my daughter. She's having away at the piano.

...

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