Helen Thompson and Adam Tooze take us beyond Brexit to look at the global situation and the bigger threats we face. Italy, Germany, Iran, Saudi Arabia, Argentina, Russia, Trump vs. the Fed, the US vs. China, Hong Kong, the dollar, the euro, climate change, oil: an amazingly wide-ranging conversation that somehow manages to connect it all up.
What does it mean when Facebook says it wants its own currency? We explore the power, the potential and the pitfalls of Libra. How does Facebook plan to make money out of making money? Can anyone stop it? And does this represent a fundamental shift in the model of surveillance capitalism? Plus we consider some of the rivals it faces: Bitcoin, WeChat and the good old dollar.
Finally, this week we pay tribute to our dear friend and regular Talking Politics contributor Aaron Rapport (1980-2019) with some memories of his many appearances on the podcast.
Helen and David talk to historian Adam Tooze about his epic new book Crashed: How A Decade of Financial Crises Changed the World. Why did the crash of 2008 take so many people by surprise? How did it spread from the US around the world? Why was Europe so vulnerable? And how do the answers to these questions help explain Brexit, Trump and what's now going on in places from Hungary to China? Plus, as we approach the 10-year anniversary of the event the triggered the crisis, we explore what might have happened if Lehman Brothers had been saved.Read More
We talk with economist Diane Coyle about what's wrong with our main measure of economic performance and how it impacts on politics. She tells us what we're missing in our measures of economic activity and she explains how we could do it better. Plus we discuss whether the unemployment figures still tell a true picture of the world of work and we ask whether the dollar's days as the global reserve currency may be coming to an end. Numbers and why they matter. With Helen Thompson and Chris Bickerton.