Latest Interviews
Showing 1–3 of 3 interview transcripts.
Clear all filters- The Economist9 min
Is a private-credit meltdown the next financial crisis? | The Economist
Private credit, a non-bank lending sector estimated at $1.5 to $3 trillion, surged following post-2008 regulatory shifts and a 2010s boom in private equity buyouts. Despite attracting institutional investors through high illiquidity premiums, recent redemption crises at major firms like Blue Owl Capital and Blackstone have exposed governance weaknesses and asset quality concerns. While experts predict a prolonged economic impact rather than a sudden systemic collapse, the sector faces ongoing scrutiny over the viability of its semi-liquid business model.
- The Economist10 min
How much tax should the rich pay? | The Economist
Contrary to narratives of neoliberal rollback, recent data reveals a "Robin Hood economy" in the developed world where increased government redistribution has stabilized post-tax inequality despite rising pre-tax disparities. While U.S. top earners now contribute a larger share of federal taxes as high-earning professionals rather than evaders, polling indicates a persistent public perception that their tax burden remains insufficient. This economic reality clashes with philosophical debates between Henry, who warns that fairness requires limiting taxation to preserve incentives, and Mike, who advocates targeting negative externalities and consumption rather than income or capital.
- The Economist14 min
From 9/11 to covid-19: can New York recover?
Jon Fasman, Mike, Dan Doktoroff, Wellington Chen, Eric Adams
New York City compares its $14 billion pandemic relief to the $20 billion allocated for post-9/11 reconstruction, highlighting severe fiscal gaps that contributed to the permanent closure of over 3,000 small businesses and a $933 million annual tax revenue loss from high-income departures. The crisis disproportionately affected communities like Chinatown through delayed aid and a surge in anti-Asian hate crimes, while housing policies failed to produce affordable units for new workers, exacerbating pre-existing inequality. Incoming mayoral candidate Eric Adams faces the challenge of funding recovery initiatives without massive federal support, aiming to replicate the ambition of the post-9/11 era while rectifying past exclusions of vulnerable populations.