In this episode, Paul Buitink and Joris Beemsterboer talk to Harry Geels, asset manager at Auréus and author for the Financial Investigator. Geels observes that society has changed in the last twenty years to a kind of corporate socialism, in which large companies have gained more and more power and control. This is a worrying development, because there is no longer a level playing field. The large companies distort competition in the market, which also slows down the innovative power of the economy, according to him.
According to Geels, this climate has created the breeding ground for platforms such as the World Economic Forum, where a number of large companies are working together with governments on the idea of a makeable society. Various plans have emerged from this, such as the idea of central bank digital money and a digital euro. He explains that this is not a good idea as long as the euro itself does not function properly and outlines a number of future scenarios for the euro.