Financial Times columnist, CNN analyst and author Rana Foroohar has a question for you. Since only 15% of the money that is flowing out of the largest financial institutions is making it into the real economy... where's the other 85% going? In this episode, Bethany and Rana discuss the problem of "financialization" which essentially means that trading had become an end in and of itself, rather than a facilitation of business. Finance was supposed to be an intermediary, an enabler of business; it's not supposed to be the end game. This of course resulted in the 2008 financial crisis, but since then, well, what has happened? Big banks have gotten even bigger. And our society is growing restive...

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<p>Financial Times columnist, CNN analyst and author Rana Foroohar has a question for you. Since only 15% of the money that is flowing out of the largest financial institutions is making it into the real economy... where's the other 85% going? In this episode, Bethany and Rana discuss the problem of "financialization" which essentially means that trading had become an end in and of itself, rather than a facilitation of business. Finance was supposed to be an intermediary, an enabler of business; it's not supposed to be the end game. This of course resulted in the 2008 financial crisis, but since then, well, what has happened? Big banks have gotten even bigger. And our society is growing restive...</p><p> </p> Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>

Big Business is shaping the world in unprecedented ways. Through a series of conversations with today’s best business writers and thinkers, journalist Bethany McLean (co-author of The Smartest Guys in the Room) cuts through the hype and hand-wringing to reframe the stories you thought you understood and uncover the ones you didn’t know were important.

Making a Killing with Bethany McLean

Rana Foroohar wonders: What are companies actually for?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2ab90197-9958-466e-9d2a-ae3900738a1e/transcript

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