The world's richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity got poorer, according to a report by Oxfam, published to coincide with the World Economic Forum meeting of capitalist oligarchs and Western government officials in Davos, Switzerland. Ben Norton analyzes the fin ... Show More
Nov 22
AI bubble madness: Why Nvidia's market cap fell $600,000,000,000 in ONE DAY
The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just ... Show More
28m 25s
Apr 2022
The Sunday Read: ‘How Many Billionaires Are There, Anyway?’
<p>America is home to 735 billionaires with a collective worth greater than $4.7 trillion, according to Forbes. There were just 424 billionaires in 2012, Forbes found, and only 243 a decade before that. The billionaires keep multiplying.</p><p>In this article, Willy Staley uses i ... Show More
35m 14s
Mar 2024
The Newest Tech Start-Up Billionaire? Donald Trump
<p>Over the past few years, Donald Trump’s social media platform, Truth Social, has been dismissed as a money-losing boondoggle.</p><p>This week, that all changed. Matthew Goldstein, a New York Times business reporter, explains how its parent venture, Truth Media, became a public ... Show More
30m 12s
Aug 2023
Introducing... Good Bad Billionaire
<p>Coming Tuesday 29th August...</p><p>The podcast that finds out how the richest people on the planet made their billions, and then judges them for it. Are they good, bad, or just another billionaire?
Each episode BBC business editor Simon Jack and journalist and podcaster Zin ... Show More
2m 4s