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Why your boss is incompetent Jun 25, 2020

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Why is it that the boss never seems to know what they’re doing? The famous “Dilbert principle” asserts that companies promote incompetent employees into middle management to get them out of the way. But Professor David Dunning, co-creator of the competing “Dunning–Kruger effect”, says there’s more to it than that, specifically that the more incompetent a person is, the more confident they can be. Meanwhile, Kelly Shue, Professor of Finance at Yale, says an even simpler idea, the “Peter Principle” helps to explain why people get promoted beyond their level of competence. And entrepreneur Heather McGregor explains why the incompetence of a former boss led her to buy her own company (Picture: Getty Images)

Can we guarantee a job for everyone? Jun 24, 2020

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One of the long-run impacts of the coronavirus pandemic is dramatically worsened unemployment around the world, with millions of people suddenly unable to support themselves and their families. Aside from the obvious financial implications, Dr Stephen Blumenthal, a clinical psychologist in the UK tells Ed Butler about the tremendous impact this could have on mental health and human life. Meanwhile, some economists are discussing whether societies could, or indeed should, make sure everyone who wants a job can have one. Economist Pavlina Tcherneva lays out “The Case for a Job Guarantee.”

(Picture credit: An unemployment line in Chile. Picture credit: Getty Images.)

Lifting the lockdowns Jun 23, 2020

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Ever since governments first began trying to contain the coronavirus pandemic, economists and pundits around the world have debated the apparent trade-off between protecting public health, and minimising the economic harm that the containment measure would likely cause.

But is the whole idea of health versus wealth wrongheaded? We hear from Jo Michell, associate professor in economics at the Bristol Business School, and from Laurence Boone, chief economist at the Organisation for Economic Cooperation and Development.

Meanwhile, businesses and workers around the UK are holding their breath for the end of lockdown, as the BBC’s Joshua Thorpe has been finding out.

(Picture: Woman reopening her small business after Covid-19; Credit: FatCamera/Getty Images)

Will China embrace fake meat? Jun 22, 2020

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In today's programme, Elizabeth Hotson asks how supply chain issues in China’s pork industry could help home grown meat alternatives go mainstream. As pork prices rise and China looks to new forms of protein, we hear from David Yeung from Green Monday, the company behind popular mock-pork product, OmniPork. A rival for the synthetic pork crown, Vince Lu from Zhenmeat, tells us why he has high hopes that his meat free tenderloin will corner the hot pot market and Matilda Ho, founder of Bits x Bites, a food tech VC fund, explains why she's investing in the alternative protein market. We also hear from Bruce Friedrich, co-founder of the Good Food Institute which promotes plant-based alternatives to animal protein. And Shaun Rein, Managing Director of the China Market Research Group asks whether the sales match the hype.

Picture: Soup dumplings with OmniPork filling via OmniPork

Business Weekly: 20/06/2020 Jun 20, 2020

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On Business Weekly we ask how international businesses based in Hong Kong are reacting to China’s new security laws. It is finally illegal to discriminate against LGBTQ people in the workplace in the United States, so, we hear from the man who took his case all the way to the Supreme Court. As the World Bank predicts that remittances will fall by 20% this year, we look at how that will affect communities in the developing world and speak to expat workers who send their wages home. Two big food companies are re-branding products that adhere to racial stereotypes - we consider the importance of this. Presented by Lucy Burton.

#BLM: Are brands cashing in? Jun 19, 2020

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Companies are pledging support and money to the Black Lives Matter movement, and an end to systemic racism. Do they mean it?

Ed Butler asks Pepper Miller, a market researcher who has campaigned for over 20 years for companies to realise the value of African-American consumers.

One business that already has a long history of supporting black equality and other social justice movements is the ice cream brand Ben & Jerry's. But the company is based in Vermont, the second whitest state in America. Ed asks activism manager Chris Miller whether the firm's purported values are also reflected in their own personnel decisions.

It's a pertinent question, according to Scott Galloway, professor of marketing at the NYU Stern School of Business. With the shift in demographics and purchasing power towards young educated liberal urban workers, and the increased scrutiny of company behaviour in the Google era, he says American businesses see commercial opportunity in taking a much more overt position on US politics than we have seen in the past.

(Picture: Ben & Jerry's Justice Remixed ice cream brand ice cream tub; Credit: Ben & Jerry's)

Hong Kong's last gasp? Jun 18, 2020

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China's plan to impose its new so-called security law in Hong Kong may flout the territories legal independence. Some say it may jeopardise Hong Kong's status as Asia's largest financial hub. Hedge fund manager Edward Chin tells Ed Butler that the new law will mean an end to the principle of "one country, two systems" and may lead to companies leaving the territory. Victor Shih, an expert in Chinese banking and finance based at the University of San Diego, says it could have a much more detrimental effect on China's banking system and the country's access to the world's financial markets. But James Crabtree from the Lee Kuan Yew School of Public Policy in Singapore, thinks Beijing has taken a cool headed decision and is willing to sacrifice some business for the sake of political stability.

(Picture: A Hong Kong anti-government protester raises a hand; Credit: Anna Wang/Reuters)

China's debt relief for Africa Jun 17, 2020

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China has been one of the biggest financiers of infrastructure projects in Africa, but many African economies have been hit hard by the Covid 19 pandemic. So will China prove to be a generous and understanding creditor? Can it even afford to be?

In the edition of the programme we hear from Zhengli Huang, a freelance researcher in Nairobi, on what’s likely to happen to Chinese-financed projects in Africa. Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins School of Advanced International Studies, looks at what sort of debt relief China can realistically offer; and Ben Cavender, managing director of the China Market Research Group in Shanghai, talks about whether China could cope with the economic hit of many countries suddenly defaulting on their debt repayments.

Presented by Manuela Saragosa. Produced by Joshua Thorpe.

(Picture: Woman serving Chinese tea in a traditional tea ceremony; Credit: Creative-Family/Getty Images)

How batteries are powering ahead Jun 16, 2020

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Tesla's Elon Musk plans to make some big announcements about batteries that could transform cars, electricity and the fight against climate change.

Justin Rowlatt gets the inside scoop from Seth Weinbaum, journalist at the electric vehicles news-site Electrek. Meanwhile, battery chemist Paul Shearing of University College London and the Faraday Institution explains how lithium-ion batteries made the smartphone possible, and are now set to revolutionise transport.

But electrifying the world's one billion road vehicles is no small task, not to mention building even bigger batteries to stabilise renewable energy sources on our electricity grids. Where on earth will all the lithium come from? Justin speaks to another American tech entrepreneur who thinks he has the answer - Teague Egan of start-up EnergyX.

Producer: Laurence Knight

(Picture: Battery charging icons; Credit: Iuliia Kanivets/Getty Images)

A conversation with Dr Ngozi Okonjo-Iweala Jun 15, 2020

Show notes

The Nigerian economist and former World Bank managing director talks about Africa, Covid-19, boardroom diversity, and her hopes to lead the World Trade Organisation.

She is one of several candidates vying for the position, after the current managing director unexpectedly resigned a year early. But at a time when trade is suffering from the ravages of a sceptical Trump administration and a pandemic, is the job something of a poisoned chalice? And what would it mean for an African woman to take over?

The former Nigerian finance minister now holds multiple jobs - on the boards of Twitter, Standard Chartered Bank, and the Global Alliance for Vaccines and Immunization. They give her a unique perspective on many of the challenges now facing the planet. But Manuela Saragosa asks her whether she thinks the pool of Africans invited to these top positions needs to be widened.

Correction: During the programme, the departing head of the WTO Roberto Azevedo is erroneously referred to as Mexican. Mr Azevedo is actually from Brazil.

(Picture: Dr Ngozi Okonjo-Iweala; Credit: Lucas Jackson/Reuters)

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