Gillian Tett
speaker
1,226 appearances
12 recordings
1 series
first heard May 2026
last heard 2 Sep
Gillian Tett’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.
Appearances
Was this at a Maiden America phenomena?
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curious.
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I mean, William Simon is not around today.
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He in fact died in two thousand.
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But I wonder if he had been alive today, what would he have made of how the industry has developed?
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that he had.
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Of course the counter argument would be that when Adam Smith first developed his vision
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of what might be called capitalism in the sense of free market competition driving growth and innovation.
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His only vision of companies in those days were family owned firms where the owners were the managers as well, and you had an elision of interest between owners and managers.
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Which of course you don't have on Wall Street today in the form of public companies.
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And one of the reasons why things have gone wrong sometimes in the past is the owners of the companies can't see what's happening inside the company and don't feel they have real skin in the game in terms of ownership.
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So some people would argue that private equity's better that way, because at least the owners owners and the managers
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tend to be more or less the same people.
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that it that it would.
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Well, I must say one conclusion I take away from all this is that Hegel, the great German philosopher, was correct when he said that history moved through pendulum swings of reaction and counter reactions, or as he said, thesis and antithesis, and the very fact you had this era of corporate management after World War Two
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basically paved the way for a reaction was this outburst of world entrepreneurial creative destruction after that.
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Of course we're now living today with a counter reaction in the other direction.
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But Robin, I know you've got thoughts on this.
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Leverage is a bit like alcohol.
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A little bit makes the world better.
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Showing 741–760 of 1,226 · page 38 of 62
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