Finance good, big finance better and biggest finance best.
This subtle mantra has bounced around developed economies for decades and has almost entirely captured politicians, the media and the public.
Countries have fallen over themselves to attract financial corporates to their shores to ‘create wealth’. But recent studies have shown that financialization actually extracts wealth, hollows out an economy and drives inequality.
Host Ross Ashcroft is joined by author Nick Shaxson to ask if it is finally dawning on us that what has been sold to us as a blessing is actually a curse?
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