301 | Rana Foroohar: The Path to Prosperity in a Post-Global World
The Realignment
00:00
The Financialization Story of the 1970s
Sally Kohn: The difference between now and then is that there's a tangibility. You're not going to be graded on financial reform but if you're talking about the current supply chain woes, she says. She goes back to the 70s so monetary policy starts kind of stretching out the business cycle and tax policy at the same time starts encouraging more and more debt. And when companies start doing this they artificially jack up their share of the market prices,. Silicon Valley start saying we want to pay our high tech employees and stock because that's going to make them come to our companies.
Play episode from 19:25
Transcript
