Standard economic theory informs how we think about business strategy and the economy and presumes that people are selfish, have well-defined preferences, and consistently make welfare-maximizing choices. In other words, we are rational. But what if that is not the case?
Nobel Prize-winning economist Richard Thaler is out with an updated edition of his best ... Show More
Nov 20
Are Big Tech’s Regulators “Cowards”? ft. Tim Wu
<p>Did you know Amazon makes $37 billion <i>a year—</i>more than double the revenue of all the newspapers in the world combined—from its sponsored results alone? Yes, the same, spammy, sponsored results at the top of a search that bilk shoppers with fake or low-quality items and ... Show More
1h 2m
Nov 6
Why Economists Should Care About Inequality, with Branko Milanovic
<p>Recently, Bethany and Luigi joined economist and wealth inequality expert Branko Milanovic in front of a live audience at the Aspen Ideas Festival to explore how capitalism, democracy, and income inequality interact. Together, the three discussed the pervasiveness of income in ... Show More
46m 41s
Oct 16
What Everyone’s Getting Wrong About AI, with Arvind Narayanan
<p>Every major technological revolution has come with a bubble: railroads, electricity, dot-com. Is it AI’s turn? With investments skyrocketing and market valuations reaching the trillions, the stakes are enormous. But are we witnessing a genuine revolution—or the early stages of ... Show More
48m 30s
Feb 2025
Has Japan Mastered Economic Stagnation?
Japan was once on track to become the world’s largest economy, but after decades of stagnation, that future never came. From the post-war boom to the Plaza Accord, risk-averse business culture, and an aging population, Japan's rise and plateau have fascinated economists for years ... Show More
17m 49s
Aug 2024
187: Best Of: Is Japan At An Inflection Point?
<p>Over the summer, The Bid brings back some of the best episodes from this year. Kicking off the series, hosts Oscar and Stevie take a look back on Is Japan At An Inflection Point?</p><p>Belinda Boa, Head of Active Investments for Asia Pacific at BlackRock joins Oscar to examine ... Show More
23m 56s
Aug 2024
As stock market crashes, is US facing new financial crisis? Economist Michael Hudson explains
The stock market crashed on August 5, in a new "Black Monday". What caused it? Is the USA on the verge of a new financial crisis? Ben Norton is joined by economist Michael Hudson to discuss the extreme volatility, AI / Big Tech bubble, Japanese yen carry trade unwind, Chinese eco ... Show More
1h 26m
Feb 2021
Episode 91, 'How to Save the World from Financialisation' with Grace Blakeley (Part II - A Green Future, Further Analysis and Discussion)
<p class="">'History has ended, and capitalism is the last man standing. The innovations and freedoms enjoyed by the Global North have shown that the free market is the only viable economic system; it is almost impossible to imagine a coherent alternative.'</p> <p class="">This w ... Show More
26m 59s
Nov 2024
Nick Bernards, "Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism" (Pluto Press, 2024)
Since the global financial crisis that began in 2008, the role of the financial sector in contemporary capitalism has come under increasing scrutiny. In the global North, the expansion of the financial sector over the last 40 years has paralleled a decline in manufacturing employ ... Show More
1h 21m
Sep 2024
Rakuten: Rewiring Japan's Digital Economy - [Business Breakdowns, EP.182]
Today, we are breaking down the Japanese internet conglomerate Rakuten. I'm joined by Matt Brett, the lead manager of the Japan Trust at Baillie Gifford, which has continuously invested in Rakuten since 2005. Rakuten is the unique Japanese conglomerate that wasn't started over a ... Show More
55m 18s
Jun 2025
My Experience in CHINA: Cost of Living, Wealth Gaps & Capitalist Design
<p><span>In this eye-opening clip of *Black Out with Ian & Rashad*, Rashad Bilal shares his first impressions from his trip to China, diving deep into cultural differences, the cost of living, and the systems that shape global wealth disparities. Ian Dunlap joins in to unpack ... Show More
11m 6s
Sep 2024
Ian Williams, "Vampire State: The Rise and Fall of the Chinese Economy (Birlinn, 2024)
State capitalism. Socialism with Chinese characteristics. A socialist market economy. There have been numerous descriptions of the Chinese economy. However, none seems to capture the predatory, at times surreal, nature of the economy of the world’s most populous nation – nor the ... Show More
1h 1m