Scene on Radio
S7 E1: Market Failure
Jun 26, 2024
Guests John Fullerton, Cassandra Brooks, and Charlene Brooks discuss the flaws of capitalism, emphasizing the need for economic transformation to align with values and address inequality. Topics include challenges in the childcare industry, market failures in essential services, and the impact of capitalism on race, gender, and the environment.
37:06
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Quick takeaways
- John Fullerton's transformative journey highlights the need for reevaluating personal values in traditional finance.
- The child care industry showcases market failures, emphasizing the disconnect between market dynamics and societal needs.
Deep dives
John Fullerton's Career Shift
After climbing the ranks at JP Morgan and becoming a managing director by his 30s, John Fullerton's perspective on his career shifted drastically during a plane ride to Asia. Despite the professional success and luxury, he felt miserable leaving his newborn daughter and questioning the purpose of his work. This moment marked the beginning of a transformative journey away from traditional finance and towards a reevaluation of personal values and societal impact.
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