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Podcast: The Meb Faber Show - Better Investing
Episode: #219 - Paul Collier, Oxford - What Capitalism Offers Is A Combination Of Competition And Collaboration
Description: In episode 219 we welcome our guest, Sir Paul Collier. In today’s episode, we’re talking economics and capitalism.We kick things off by covering some instances of the derailment of capitalism. We go all the way back to the mid-1800s to Bradford England’s industrial rise, the ensuing health crisis, and how capitalism responded. We walk forward to talk about the divide between metropolis and provincial cities, and the new class divide.We discuss psychological and economic issues facing what professor Collier refers to as, “left behind countries.” We then shift to a thoughtful...