The Jordan B. Peterson Podcast cover image

392. This Podcast Will Polarize You – And It Should | Matt Taibbi

The Jordan B. Peterson Podcast

NOTE

Wall Street's Criticism: Subverting Capitalism by Cheating and Bailouts

The author clarifies that despite criticizing companies like Goldman Sachs and JP Morgan Chase, their sources were actually rich people who worked on Wall Street. These sources believed that these companies were undermining capitalism by cheating and relying on bailouts, which disadvantaged smaller competitors. The author asserts that holding these companies accountable would have restored faith in the government's impartiality. The current crisis with small banks is attributed to the inherent advantage big banks have due to the expectation of bailouts. This situation is seen as a lingering effect of the 2008 financial crisis.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner