You bet your dollar-bottomed: Erdogan’s next gambit
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 28 December 2021
⏱️ 25 minutes
🧾️ Download transcript
Summary
President Recep Tayyip Erdogan’s idea for saving the lira by backing deposits with dollars means the Turkish taxpayer will end up bailing out the Turkish depositor. Our correspondent finds striking insights in 40 years’-worth of humdrum submissions to a unique sociology project. And Saudi Arabia’s multi-billion-dollar push into the cinema industry it outlawed for decades.
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Transcript
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| 0:00.0 | Oh, so sorry I'm late, sweetie. I'm sure you were the best pine tree the school's ever seen. |
| 0:06.5 | But you missed my deforestation scene. Where were you? |
| 0:10.6 | I got held up, I'm afraid. Daddy had to sort out landlord insurance on a comparison site. |
| 0:16.0 | Who did you choose? |
| 0:17.5 | Um, a direct line. |
| 0:19.3 | Dad, everyone knows direct line on comparison sites. I'm not angry and disappointed. |
| 0:26.2 | Search direct line because everyone knows we're not on comparison sites. |
| 0:36.0 | Hello and welcome to the intelligence from the economist. |
| 0:38.8 | I'm your host Jason Palmer. Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:49.8 | For 40 years an unusual sociology project has been going on at a small English university. |
| 0:55.8 | Regular people sending news of their lives and their views. |
| 0:59.4 | Our correspondent sifts through a uniquely revealing archive of the everyday. |
| 1:05.0 | And the silver screen is set for some exotic new locations. |
| 1:08.9 | Saudi Arabia is spending tens of billions of dollars to draw in filmmakers to showcase its striking landscapes. |
| 1:16.2 | That's quite a change for a country where until recently cinema was illegal. |
| 1:28.0 | But first. |
| 1:34.0 | In Turkey, a grand and grandly misguided economic experiment continues to bite. |
| 1:40.0 | But Turks would be wise not to complain too much on social media. |
| 1:44.2 | Yesterday, the banking regulator filed charges against more than two dozen people and accounts, |
| 1:49.3 | including two former central bank governors alleging that their criticism amounted to market manipulation. |
| 1:56.2 | Online grousing is pretty clearly not the problem. |
| 1:59.3 | Inflation has been rising for months. |
... |
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