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Turbo-Capitalism

Does the digital economy rate efficiency and lower prices above human values?

Does the digital economy rate efficiency and lower prices above human values? Governments are often ready to close down sectors of their economies which they believe are inefficient, like coal mining, and keen to promote more efficient high tech companies. Back in 2000, author and government adviser Edward Luttwak coined the term Turbo Capitalism to describe how governments are enabling the destruction of well paid "dignified" jobs and replacing them with poorly paid low status occupations. These new roles may appear to be part of a more efficient system, but are, he argues, actually more damaging to society as a whole. He is joined by author James Bloodworth, who described the six months he spent working undercover in a variety of poorly paid positions in "Hired".
Presenter: David Grossman
Producer: Matthew Chapman

Available now

15 minutes

Last on

Wed 13 Feb 2019 20:45

Broadcasts

  • Tue 18 Sep 2018 13:45
  • Wed 13 Feb 2019 20:45

This is Capitalism podcast

This is Capitalism podcast

The hidden wiring which puts money and markets at the centre of our lives.