Steven Spierer, 2/20/16

The main purposes for the financial systems of the world are to manage other people’s money and to provide money for entrepreneurs who want to innovate and provide products and services. Instead, today we have giant financial companies (too big to fail) whose main purpose seems to be to use complex algorithms to find weaknesses in other algorithms to make money for a few without producing anything good for society. And those few people seem to be in control of the White House and the Congress, no matter which party is in control. Steve talks with John Kay, author of Other People’s Money: The Real Business of Finance.

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