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.
Investigative journalist, Manisha Ganguly, went undercover on premier sugar-daddy site, ‘Seeking Arrangements’ and discovered this disturbing sub-culture is a direct result of Britain’s student loan crisis. A close analysis of the data gathered from the verified profiles on the website show the emergence of some disturbing trends. With the rising tuition fees, last year the website saw a 22% increase in student sign-ups. It recently ranked the top colleges in each country by the number of sugarbaby sign-ups. In the UK, the University of Westminster tops the list.