
392. This Podcast Will Polarize You – And It Should | Matt Taibbi
The Jordan B. Peterson Podcast
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.