103 - Doc Martins, the financialization of the global economy, IPO's, inequality and Joe Biden's political agenda

We explain by way of the SFX and Doc Martins how financial markets create inequality. Late stage financial capitalism generates super normal profits for owners of capital and debt by way of IPOs, and forces wage moderation on ordinary workers. We explain how understanding the credit cycle is key to understand the modern economy through the prism of the glorious Doc Martin, focusing on trickle down economy, opportunism and leveraged profits and market booms and busts. What does this mean for the economy? Unfortunately: most likely - further wealth division.

Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.




Hosted on Acast. See acast.com/privacy for more information.

More from The David McWilliams Podcast

  1. 33:292024:33 The Future is Turkish!Apr 23, 2024
  2. 31:542024:32 HumanomicsApr 18, 2024
  3. 30:242024:31 What Elon's travails tell us about the New Cold War?Apr 16, 2024
  4. 28:522024:30 Common Law or Common Sense? Nimbyism's Grip on HousingApr 11, 2024
  5. 38:262024:29 Eat the Rich with Nick HanauerApr 09, 2024
  6. 38:482024:28 The Souk Versus The Citadel with Bassem YoussefApr 04, 2024
  7. 41:392024:27 Sam Bankman Fried and Male Over-Confidence with Michael LewisApr 02, 2024
  8. 29:532024:26 The Curse of InheritanceMar 28, 2024
  9. 39:582024:25 Should We Copy The Swiss Or Is That Too Cheesy?Mar 26, 2024
  10. 28:202024:24 The Dehumanisation of CuriosityMar 21, 2024