Our version of capitalism is something that the narcissistic writer, Ayn Rand, would adore. But in a headlong rush to hyper individualism, have we chosen freedom of the individual over survival of our species?
The West has dominated globalisation to date, but that balance of power is shifting and it’s happening much faster than Western leaders are willing to accept, as new countries demand a seat at the table. The global pecking order is rebalancing to get a broader view on the risks and opportunities in this new global economy. We traveled to Southeast Asia to meet former World Bank economist, Dr Kirida Bhaopichitr. We began by talking about the unstoppable rise of the East, the problem with protectionism in the West, and the inevitability of a multipolar world.
We are witnessing the largest real-time, Pavlovian experiment in global capital markets that’s ever been conducted. The conditioning of the last 10 years in the asset management business has rewarded more and more passive strategies, with fewer and fewer people tasked with understanding the big picture. So what happens now in a new era of quantitative tightening?
On this week’s show the economist Steve Keen, the anthropologist and writer David Graeber and the political economists Ann Pettifor and Robert Wade are here to discuss the megatrends that’ll affect the world this year.
As stock market highs continue in earnest, it seems like there is no stopping global asset bubbles. But things are not at all what they seem. Mitch Feierstein looks into why today the levels of debt, credit, and leverage in most markets exceed 2008’s pre-crisis highs and what this means for us in 2018.