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Economist Podcasts
Three presidents and counting: South Korea
Jan 2, 2025
Noah Snyder, East Asia Bureau chief for The Economist, discusses South Korea's political turmoil, including the impeachment of President Yoon Seok-yeol amid a devastating air disaster. Ana Lankas, Brazil bureau chief, analyzes the transformation of Brazilian football into lucrative enterprises, heralding a new competitive era. Alexander Suits-Bass, Culture editor, explores the increasing allure of video game adaptations in Hollywood, highlighting their impact on the entertainment landscape and future film portrayals.
21:54
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Quick takeaways
- South Korea is experiencing a severe political crisis fueled by a tragic air disaster, resulting in a rapid change of leadership and public unrest.
- Recent reforms in Brazilian football ownership have attracted significant investments, positioning the league as a potential rival to the English Premier League.
Deep dives
Transforming Brazilian Football Ownership
The recent changes in Brazilian football ownership structures have allowed teams to operate as private companies, leading to significant financial investments and transformations. This shift, initiated by the 2021 SAF (Sociedade Anônima do Futebol) law, has enabled clubs to sell shares and attract investors, changing the landscape of the sport. A notable example is Botafogo, which, under new ownership from John Texter, has drastically reduced its debt and made substantial player acquisitions. This financial influx has sparked hopes that Brazilian football could elevate its quality and competitiveness to match that of the English Premier League.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode