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Nazi billionaires, capitalist ethics, and other notable contradictions
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On this episode Mark Blyth talks with this year’s invited speaker at the Rhodes Center’s annual 'Ethics of Capitalism’ lecture series, journalist David de Jong.
David’s groundbreaking book “Nazi Billionaires: The Dark History of Germany's Wealthiest Dynasties”, looks at the individuals and companies that accumulated unimaginable wealth under the Third Reich. Through his incredible investigative work, he exposes how these companies – including iconic German businesses like Volkswagen, BMW, and Allianz – thrived under the Nazi regime. He also looks at how, despite their dark history, most have never fully reconciled with their past – and how the families that founded such enterprises have only grown more wealthy in the decades since.
David and Mark discuss this dark history, and explore the questions it poses about the nature of capitalism: how can businesses operate responsibly in a world where it’s so easy to profit off the suffering of others? And what do private companies owe the rest of us, above their bottom line?
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