The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions.
"Listened twice. Everyone must read this."
A leading economist charts the indirect road to happiness and wealth. Using dozens of practical examples from the worlds of business, politics, science, sports, literature, even parenting, esteemed economist John Kay proves a notion that feels at once paradoxical and deeply commonsensical: The best way to achieve any complex or broadly defined goal-from happiness to wealth to profit to preventing forest fires-is the indirect way.
"Great material. Terrible narrator"
Tonight on the program, live coverage of the first Presidential debate. Charlie is joined by Mark Halperin; John Heilemann; Maureen Dowd; Jeff Greenfield; Mike Allen; Katty Kay; and Frank Luntz.
Tonight on the program, live analysis of the third and final presidential debate. Charlie is joined by Al Hunt, John Dickerson, Kathleen Parker, Steve McMahon, Dan Senor, Jeff Greenfield, Katty Kay, Mark Halperin and John Heilemann.