S7 E1: Market Failure

Scene on Radio: Capitalism

Kenan Institute for Ethics at Duke University

Society & Culture, Audiodoc, Radio, Documentary, Stories

4.9 • 11K Ratings

🗓️ 26 June 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Introduction to our 7th season: Capitalism. The world’s dominant economic system is on trial as it hasn’t been for at least half a century. Millions, young people especially, now see capitalism as the problem, not the solution. Others fear throwing out the baby with the bathwater.

By John Biewen, with co-host Ellen McGirt. Interviews with John Fullerton, Cassandra Brooks and Charlene Brooks. Story editor: Loretta Williams. Music by Michelle Osis, Lilli Haydn, Alex Symcox, and Goodnight, Lucas. Music consulting by Joe Augustine of Narrative Music. Art by Gergo Varga and Harper Biewen. “Capitalism” is a production of the Kenan Institute for Ethics at Duke University, in partnership with Imperative 21.

Transcript

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0:00.0	I'm David Remnickin each week on the New Yorker radio hour. My colleagues and I
0:04.8	unpack what's happening in a very complicated world. You'll hear from the New
0:09.2	Yorker's award-winning reporters and thinkers,
0:11.7	Gilani Cobb on race and justice,
0:14.0	Jill Lepore on American history,
0:16.0	Vincent Cunningham and Gia Tolantino on culture,
0:19.0	Bill McKibbon on climate change and many more.
0:22.0	To get the context behind events in the news, climate change and many more.
0:22.5	To get the context behind events in the news,
0:25.3	listen to the New Yorker radio hour,
0:27.5	wherever you get your podcast.
0:30.7	Now here's the original Morgan building, on the corner this big block with a
0:37.2	with an ad for a movie called Dumb Money in the from the New York Stock Exchange. This is the iconic Morgan building and never had the name Morgan on it
0:55.6	because if you had to, if you didn't know,
0:57.8	you didn't need to know.
0:59.5	Now, you had an office in here?
1:01.1	Yeah, my first, my first job out of the training program was I was sitting
1:05.4	right above those flags on the fifth floor. Now in his early 60s, John is living a very different
1:11.2	life than what he imagined when he was a fast-rising star at
1:15.0	J.P. Morgan.
1:16.0	I think I was one of the youngest MDs ever promoted at the bank at the time.
1:21.6	And MD for managing director he earned that title before his 30th birthday.
	...

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