The New Age Of Capitalism

Episodes

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Artificial Intelligence2018091220190123 (R4)David Grossman considers the impact that the revolution in artificial intelligence could have on our jobs, income and society. He is joined by Diane Coyle, Bennett Professor of Public Policy at Cambridge University and Andrew McAfee, Principal Research Scientist at the MIT Sloan School of Management.

Producer: Diane Richardson
Editor: Hugh Levinson

Could artificial intelligence reinvent capitalism?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

David Grossman considers the impact that the revolution in artificial intelligence could have on our jobs, income and society. He is joined by Diane Coyle, Bennett Professor of Public Policy at Cambridge University and Andrew McAfee, Principal Research Scientist at the MIT Sloan School of Management.

Producer: Diane Richardson
Editor: Hugh Levinson

Could artificial intelligence reinvent capitalism?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Financialisation2018092020190227 (R4)Banking used to be a laid-back profession involving long lunches and the odd loan approval to a business. Over the last few decades that has all changed as financial institutions focus increasingly on selling products to the public and thinking up ever more complicated money making schemes for the world markets. This process - often described as financialisation - has meant increased profits for the banks but is also seen as a threat to the rest of the economy. Authors Rana Foroohar and Joshua Ryan-Collins argue that some financial institutions may once again repeating old mistakes.
Presenter: David Grossman
Producer: Matthew Chapman

Could the booming finance industry could threaten the wider economy?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Banking used to be a laid-back profession involving long lunches and the odd loan approval to a business. Over the last few decades that has all changed as financial institutions focus increasingly on selling products to the public and thinking up ever more complicated money making schemes for the world markets. This process - often described as financialisation - has meant increased profits for the banks but is also seen as a threat to the rest of the economy. Authors Rana Foroohar and Joshua Ryan-Collins argue that some financial institutions may once again repeating old mistakes.
Presenter: David Grossman
Producer: Matthew Chapman

Could the booming finance industry could threaten the wider economy?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

From Ai To The Attention Economy20190621David Grossman tells stories which help explain the world of contemporary capitalism. He finds out why some of the world's most profitable companies cannot be valued: he explores the big business of digital distraction and why your attention means money: he asks where we should welcome artificial intelligence into the workplace, and whether employees and communities paying the price for what's called ‘turbo-charged' capitalism?
Producers: Diane Richardson and Matthew Chapman

David Grossman tells ten stories which help explain the world of contemporary capitalism.

High Frequency Trading2018091720190206 (R4)Who wins in the new world of ultra-fast financial transactions?
Imagine you are heading to the shops and someone steals your shopping list. Then they race ahead and bought all the goods ahead of you, forcing you to buy your shopping from them at a higher price. That is what is happening to ordinary share traders like pension funds. When they go to buy some shares, they find high frequency traders have snapped them up nanoseconds before them and want to sell them at a higher price. These traders now account for the majority of all trades on major stock markets. David Grossman explores the rights and wrongs of this new world with Brad Katsuyama, CEO of IEX, a new stock exchange which wants to clamp down on high frequency traders, and Professor Donald MacKenzie of the University of Edinburgh.
Producer: Matthew Chapman

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Who wins in the new world of ultra-fast financial transactions?
Imagine you are heading to the shops and someone steals your shopping list. Then they race ahead and bought all the goods ahead of you, forcing you to buy your shopping from them at a higher price. That is what is happening to ordinary share traders like pension funds. When they go to buy some shares, they find high frequency traders have snapped them up nanoseconds before them and want to sell them at a higher price. These traders now account for the majority of all trades on major stock markets. David Grossman explores the rights and wrongs of this new world with Brad Katsuyama, CEO of IEX, a new stock exchange which wants to clamp down on high frequency traders, and Professor Donald MacKenzie of the University of Edinburgh.

Producer: Matthew Chapman

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Who wins in the new world of ultra-fast financial transactions?
Imagine you are heading to the shops and someone steals your shopping list. Then they race ahead and bought all the goods ahead of you, forcing you to buy your shopping from them at a higher price. That is what is happening to ordinary share traders like pension funds. When they go to buy some shares, they find high frequency traders have snapped them up nanoseconds before them and want to sell them at a higher price. These traders now account for the majority of all trades on major stock markets. David Grossman explores the rights and wrongs of this new world with Brad Katsuyama, CEO of IEX, a new stock exchange which wants to clamp down on high frequency traders, and Professor Donald MacKenzie of the University of Edinburgh.

Producer: Matthew Chapman

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Making Money20180914David Grossman asks how and when money is created in the modern economy, how that influences asset prices and financial stability and hears about a radical Swiss idea for monetary reform.

Joining the debate are Positive Money director Fran Boait and Professor Sir Charles Bean, former chief economist and deputy governor for monetary policy at The Bank of England.

Producer: Diane Richardson
Editor: Hugh Levinson.

Who has the power to create money and what controls the amount circulating in our economy?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Nanoseconds And Megabucks20190628David Grossman with more stories which help explain the world of contemporary capitalism. He enters the strange world of high speed financial trading, where a millionth of a second can make the difference between fortune and failure. He learns about the increasing role of the financial sector, asking about the risks of our reliance on debt. Plus how South America tried to introduce its own brand of socialism and the growing influence and appeal of state-directed capitalism in places like China. Can free-market economies like Britain compete fairly?
Producers: Diane Richardson and Matthew Chapman

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Omnibus 120190621David Grossman tells ten stories which help explain the world of contemporary capitalism
Omnibus 220190628
South American Socialism2018091320190130 (R4)Over the last two decades South America has witnessed a series of large scale economic experiments where countries have introduced their own brand of left wing politics. Dubbed Socialism of the 21st Century its successes and failures are debated by Dr Asa Cusack from the LSE Latin America and Caribbean Centre and Professor Ricardo Hausmann of Harvard University's Kennedy School of Government. David Grossman tells ten stories which help explain the world of contemporary capitalism.

This programme was first broadcast on Thursday 13 September 2018.

How Venezuela and others challenged the global economic model

Over the last two decades South America has witnessed a series of large scale economic experiments where countries have introduced their own brand of left wing politics. Dubbed Socialism of the 21st Century its successes and failures are debated by Dr Asa Cusack from the LSE Latin America and Caribbean Centre and Professor Ricardo Hausmann of Harvard University's Kennedy School of Government. David Grossman tells ten stories which help explain the world of contemporary capitalism.

This programme was first broadcast on Thursday 13 September 2018.

How Venezuela and others challenged the global economic model

State Capitalism2018091920190220 (R4)David Grossman considers the growing influence and appeal of state capitalism, asking whether free-market and state capitalist systems can coexist and compete fairly.

Joining David are Joshua Kurlantzick, author of "How the Return of Statism is Transforming the World", and economist Dr Linda Yueh, author of "The Great Economists, How Their Ideas Can Help Us Today".

Presenter: David Grossman
Producer: Diane Richardson

Do huge state-backed companies - like those in China - threaten the free market system?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

David Grossman considers the growing influence and appeal of state capitalism, asking whether free-market and state capitalist systems can coexist and compete fairly.

Joining David are Joshua Kurlantzick, author of "How the Return of Statism is Transforming the World", and economist Dr Linda Yueh, author of "The Great Economists, How Their Ideas Can Help Us Today".

Presenter: David Grossman
Producer: Diane Richardson

Do huge state-backed companies - like those in China - threaten the free market system?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

The Attention Economy2018091120190116 (R4)Feeling the need to check your smartphone, like or post on social media? Then you’re part of the attention economy. David Grossman discovers why it’s so hard to resist the billion-dollar industry of digital distraction.

David talks to Tim Wu, author of 'The Attention Merchants, The Epic Scramble to Get Inside Our Heads' and former Google executive James Williams, author of 'Stand Out of Our Light, Freedom and Persuasion in the Attention Economy'.

Producer: Diane Richardson
Editor: Hugh Levinson

Can't resist posting? David Grossman explores the lure of attention economics.

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Feeling the need to check your smartphone, like or post on social media? Then you’re part of the attention economy. David Grossman discovers why it’s so hard to resist the billion-dollar industry of digital distraction.

David talks to Tim Wu, author of 'The Attention Merchants, The Epic Scramble to Get Inside Our Heads' and former Google executive James Williams, author of 'Stand Out of Our Light, Freedom and Persuasion in the Attention Economy'.

Producer: Diane Richardson
Editor: Hugh Levinson

Can't resist posting? David Grossman explores the lure of attention economics.

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Trillion Dollar Companies2018092120190306 (R4)Should we be concerned about the size and power of the tech giants? Both Amazon and Apple have become the first companies in history to be valued at more than a trillion dollars each. There are fears this dominance, particularly by technology companies including Facebook and Google, could lead to monopolies which hurt consumers. The advent of these trillion dollar valuations comes as a growing number of critics begin to ask if it is time for regulators to step in and either cut the technology firms down to size, or break them up altogether. Adam Lashinsky, author of 'Inside Apple', joins Barry Lynn, executive director of the Open Markets Institute to debate whether the market or the government will decide the future of these companies.
Presenter: David Grossman
Producer: Matthew Chapman

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Should we be concerned about the size and power of the tech giants? Both Amazon and Apple have become the first companies in history to be valued at more than a trillion dollars each. There are fears this dominance, particularly by technology companies including Facebook and Google, could lead to monopolies which hurt consumers. The advent of these trillion dollar valuations comes as a growing number of critics begin to ask if it is time for regulators to step in and either cut the technology firms down to size, or break them up altogether. Adam Lashinsky, author of 'Inside Apple', joins Barry Lynn, executive director of the Open Markets Institute to debate whether the market or the government will decide the future of these companies.
Presenter: David Grossman
Producer: Matthew Chapman

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Turbo-capitalism2018091820190213 (R4)Does the digital economy rate efficiency and lower prices above human values? Governments are often ready to close down sectors of their economies which they believe are inefficient, like coal mining, and keen to promote more efficient high tech companies. Back in 2000, author and government adviser Edward Luttwak coined the term Turbo Capitalism to describe how governments are enabling the destruction of well paid "dignified" jobs and replacing them with poorly paid low status occupations. These new roles may appear to be part of a more efficient system, but are, he argues, actually more damaging to society as a whole. He is joined by author James Bloodworth, who described the six months he spent working undercover in a variety of poorly paid positions in "Hired".
Presenter: David Grossman
Producer: Matthew Chapman

Does the digital economy put efficiency and lower prices above human values?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

Does the digital economy rate efficiency and lower prices above human values? Governments are often ready to close down sectors of their economies which they believe are inefficient, like coal mining, and keen to promote more efficient high tech companies. Back in 2000, author and government adviser Edward Luttwak coined the term Turbo Capitalism to describe how governments are enabling the destruction of well paid "dignified" jobs and replacing them with poorly paid low status occupations. These new roles may appear to be part of a more efficient system, but are, he argues, actually more damaging to society as a whole. He is joined by author James Bloodworth, who described the six months he spent working undercover in a variety of poorly paid positions in "Hired".
Presenter: David Grossman
Producer: Matthew Chapman

Does the digital economy put efficiency and lower prices above human values?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

01The Intangible Economy2018091020190109 (R4)Why can't some of the most profitable companies in the world be valued? From fitness classes to global tech firms and coffee chains, Jonathan Haskel and Stian Westlake reveal the growing dominance of the intangible economy and the implications for society, equality and productivity. David Grossman tells stories which help explain the world of contemporary capitalism.

Producer: Diane Richardson
Editor: Hugh Levinson

Why some of the most profitable companies in the world cannot be valued.

David Grossman tells ten stories which help explain the world of contemporary capitalism.

02The Attention Economy2018091120190109 (R4)
20190116 (R4)
Feeling the need to check your smartphone, like or post on social media? Then you’re part of the attention economy. David Grossman discovers why it’s so hard to resist the billion-dollar industry of digital distraction.

David talks to Tim Wu, author of 'The Attention Merchants, The Epic Scramble to Get Inside Our Heads' and former Google executive James Williams, author of 'Stand Out of Our Light, Freedom and Persuasion in the Attention Economy'.

Producer: Diane Richardson
Editor: Hugh Levinson

Can't resist posting? David Grossman explores the lure of attention economics.

David Grossman tells ten stories which help explain the world of contemporary capitalism.

03Artificial Intelligence2018091220190116 (R4)
20190123 (R4)
David Grossman considers the impact that the revolution in artificial intelligence could have on our jobs, income and society. He is joined by Diane Coyle, Bennett Professor of Public Policy at Cambridge University and Andrew McAfee, Principal Research Scientist at the MIT Sloan School of Management.

Producer: Diane Richardson
Editor: Hugh Levinson

Could artificial intelligence reinvent capitalism?

David Grossman tells ten stories which help explain the world of contemporary capitalism.

04South American Socialism2018091320190130 (R4)Over the last two decades South America has witnessed a series of large scale economic experiments where countries have introduced their own brand of left wing politics. Dubbed Socialism of the 21st Century its successes and failures are debated by Dr Asa Cusack from the LSE Latin America and Caribbean Centre and Professor Ricardo Hausmann of Harvard University's Kennedy School of Government. David Grossman tells ten stories which help explain the world of contemporary capitalism.

How Venezuela and others challenged the global economic model

David Grossman tells ten stories which help explain the world of contemporary capitalism.