

S7 E1: Market Failure
24 snips 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.
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John Fullerton's Father's Day Epiphany
- John Fullerton, a former JP Morgan managing director, had a pivotal moment on Father's Day.
- He realized he didn't want to spend his life chasing wealth at the expense of his family and values.
Fullerton's Realization
- Fullerton's 9/11 experience and subsequent reading led him to understand the destructive nature of the current economic system.
- He realized finance drives the economy and that this system is environmentally damaging.
Capitalism and Values
- A podcast series on capitalism explores values and the misalignment between economic systems and what people claim to care about.
- It examines whether the economic system contradicts basic values like caring for others and responsible use of resources.