Once upon a time there was a large Finnish company that manufactured the world's best and most innovative mobile phones. Nokia's annual budget was larger than that of the government of Finland and everyone who worked there shared in the windfall. But global domination cost the company its pioneering spirit and quantity gradually took over from quality, with new phone models being churned out by the dozen. Market share eroded, until in 2016, mobile phone production in Finland ceased. The Rise and Fall of Nokia is a wry morality tale for our times, told by those that lived and worked through the rollercoaster years in a company that dominated a nation.
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As we entered the 21st century, the world was guzzling oil, coal and gas like never before. Despite fears of 'peak oil', Professor Iain Stewart discovers that while huge technological advances are helping extend the life of existing oilfields, new unconventional oil and gas supplies like shale gas and tar sands are extending the hydrocarbon age well into the 21st century.
S1E3 • Planet Oil • Economics
The millionaires' paradise was destroyed by the crash of 1929, which plunged the country into the Great Depression and mass unemployment. Enraged by greed and tax evasion, Democrat Franklin D. Roosevelt, reelected in 1936, advocated controlled capitalism.
S1E2 • American Capitalism – The Cult of Wealth • 2023 • Economics
Hillary Clinton and Anne-Marie Slaughter discuss the cultural norms at the center of the worldwide gender pay gap, including the "motherhood penalty"
There are more billionaires than ever. But how does this vast accumulation of wealth affect the world?
In the first of this three-part series investigating consumer spending, Jacques reveals how the concept of 'product lifespan' holds the key to our ever-churning consumerism. Exploring the historical origin of planned obsolescence, when some of the world biggest electrical manufacturers formed a light bulb cartel in the 1920s, Jacques reveals how products that are essential to our modern lifestyles are still made to break. During his investigation, Jacques uncovers the process by which a crucial transformation happened and attitudes towards spending were transformed. Instead of needing new goods because our old ones were broken, we learned to want them for reasons of fashion and aspiration - awaking a consumer appetite that could never be satisfied. In the US, he visits a recycling centre where brand-new high-tech goods are destroyed before they have even come out of the box. Jacques also meets some of the companies that encourage consumers to be dissatisfied with what they have and encourage purchases as part of an ever-faster cycle of 'upgrades'. He asks a senior IKEA executive why, despite the company's commitment to sustainability, it still encourages repeated discarding and purchasing. Jacques also talks to a former senior Apple employee who reveals how the company's new focus on fashion, with its colourful iPhones, keeps us buying even when technological innovation slows.
S1E1 • The Men Who Made Us Spend • 2014 • Economics
Paul Saffo looks at the development of the US economy through the 20th and into the 21st century. What are the trends that have shaped the economy? How are innovations in technology and communications making the 21st century an entirely different landscape for producers and consumers?
S1E6 • Curiosity Retreats: 2015 Lectures • 2015 • Economics