The economist Michael Jensen, who died this month, did as much as any single thinker to shape modern financial capitalism. To his detractors, he was the High Priest of Greed who justified stratospheric CEO pay and predatory private equity. His admirers believe he revived Anglo Saxon capitalism. We discuss his ideas and legacy with the independent researcher and private equity expert Peter Morris.

Presented by Jonathan Ford and Neil Collins.

With Peter Morris.

Produced and edited by Nick Hilton for Podcast.

In association with Briefcase.News

Hosted on Acast. See acast.com/privacy for more information.

A natural monopoly delivering an essential service, Thames Water was privatised in 1989 with no debt. Now it's on its knees, crushed by more than £15bn of borrowings. Neil and Jonathan talk to Feargal Sharkey about what this says about Mrs Thatcher's most controversial privatisation, whether incentive regulation works, and whether we should just scrap the whole private structure and start again.

Presented by Jonathan Ford and Neil Collins.

With Feargal Sharkey.

Produced and edited by Nick Hilton for Podot.

In association with Briefcase.News

Hosted on Acast. See acast.com/privacy for more information.

GEC was a British manufacturing titan; a cash-rich producer of everything from washing machines to railway trains. Then in a few years, it rebranded and restructured, shedding most of the old industrial bits to focus on telecoms. The result? By 2005, shiny new Marconi was no more. In the second of our Fallen Angel series, we talk to industrial historian Nick Comfort about one of the most abrupt collapses in UK corporate history and its heavy industrial cost

Presented by Jonathan Ford and Neil Collins.

With Nicholas Comfort.

Produced and edited by Nick Hilton for Podot.

In association with Briefcase.News

Hosted on Acast. See acast.com/privacy for more information.