In this episode of the Tax Justice Network's monthly podcast, the Taxcast:
- This month Naomi Fowler speaks to activist and writer Ben Phillips about how past struggles for justice were won and how we can win them again. We discuss valuable lessons he learned from living and working around the world which he writes about in his book How To Fight Inequality and why that fight needs you.
- Plus: Why is the Chinese economy so successful? Naomi discusses with John Christensen the rise of China and, unless they chuck shareholder capitalism, the continuing demise of the US and the UK.
- Transcript is available here (some has been transcribed using automation so may have small inaccuracies)
Featuring:
- Ben Phillips, activist and writer of How To Fight Inequality and why that fight needs you.
- John Christensen, Tax Justice Network
- Hosted and produced by Naomi Fowler of the Tax Justice Network.
If we on our side have every fact and every policy and the other side has all of the stories, the passion, the emotion, the excitement, then we'll lose”
~Ben Phillips, author of HOW TO FIGHT INEQUALITY and why that fight needs you.
From where I'm sitting, this is the end of the line for Thatcherism and for shareholder capitalism, it's made a tiny number of people, bankers and private equity people and mergers and acquisition specialists spectacularly rich in the past 40 years, but overall the development strategy has failed the vast majority of people in the United States and in Britain and in other countries that went down this route.”
~ John Christensen, Tax Justice Network
Want more Taxcasts? The full playlist is here. Or here.
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Regarding China, there has been a fascinating story of Chinese mega entrepreneur Jack Ma,head of Alibaba. He gave a remarkably bold speech last Oct saying that Chinese finance regulation was outdated and old fashioned and that Chinese banks were acting like “pawnbrokers” in that they were asking for way too much collateral for loans.
https://www.msn.com/en-gb/money/other/the-strange-case-of-alibaba-s-jack-ma-and-his-three-month-vanishing-act/ar-BB1d1Ph8
Thing is you cannot say things like that in China. He was publicly admonished, had his companies new IPO pulled and has virtually disappeared from public. Only recently was he allowed out to back Chines govt policy. Can you imagine Mark Zuckerberg ,Jeff Bozos or Jamie Dimon being treated like this is the west? Mind you after Jamie Dimon’s recent comments it is a pity the US govt cannot make him disappear.
https://www.theguardian.com/business/2021/jan/21/jamie-dimon-jp-morgan-pay-income-inequality?fbclid=IwAR0nCnpV_EIVPyd0EggQKKm15yzOOqGgIX4jFWXEhUDuf6cIRd1aRGZsVYY
And he thinks socialism is a disaster, which is quite rich coming from a leading light of the pre 2008 banking sector that was a real life mega disaster, the man’s hypocrisy knows no bounds
https://www.theguardian.com/business/2019/apr/04/jamie-dimon-socialism-jp-morgan-banker-disaster