Martin Schmalz

Martin Schmalz, a finance and economics professor at Oxford, delves into capitalism's shortcomings. He discusses how common ownership stifles competition and innovation, using the airline industry as a case study. Schmalz critiques ESG initiatives and argues for stronger regulations to address social issues. The conversation also explores the complexities of corporate responsibility and the pressures facing politicians. Finally, he examines the transformative potential of AI while cautioning against biases inherent in its applications.