Business Daily cover image

Business Daily

Capitalism in crisis?

Feb 15, 2019
Winnie Byanyima, head of anti-poverty campaigners Oxfam, discusses the crisis in global capitalism and the need for more equitable systems. The podcast explores the failures of capitalism, the widening wealth gap, the impact of globalization on society, and the call for public engagement to address economic instability and inequality.
18:00

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Global jobs statistics mask lack of dignified work and decent wages.
  • Corporate focus on shareholder value leads to wealth gap and crisis of free market ideology.

Deep dives

Capitalism and Wealth Inequality

Many prominent figures, including billionaire Ray Dalio, acknowledge that capitalism is failing to benefit the majority of people. The widening wealth gap and economic disenfranchisement have led to political upheavals like the election of leaders such as Donald Trump. While capitalism has led to significant poverty reduction globally, concerns exist over its negative impact on income distribution and societal well-being.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode