{"podcast":{"title":"The Invisible Hand","slug":"the-invisible-hand-7719857","podcast_index_feed_id":7719857,"rss_url":"https://feeds.megaphone.fm/PODAGEN6867737009","website_url":null,"image_url":"https://megaphone.imgix.net/podcasts/ecd55da6-0690-11f1-8a35-87d682d10069/image/bd2556a194f47efd83996cc639d08bec.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Emma Reid","episode_count":232,"summary":"Economics isn't boring when Emma Reid explains it. This former Wall Street finance analyst quit her corporate job after watching too many people get scammed by get-rich-quick schemes, including her own father who almost lost his retirement to a pyramid scheme. Now she breaks down everything from inflation to interest rates using stories from her small-town grocery store and her neighbor's questionable crypto investments. Every day, Emma takes one economic concept and makes it make sense. Monday might be why gas prices actually work the way they do. Tuesday could be the real reason your mortgage rate just jumped. She's not trying to make you an economist, just someone who can spot financial BS from a mile away and make smarter money decisions. You'll get the kind of economic education they should have taught you in high school but didn't. No textbook jargon, no boring theory, just practical knowledge you can use when your bank tries to sell you a new credit card or your brother-in-law pitches his latest investment idea. Follow now for daily episodes that actually explain how money and markets really work. New episodes every day—follow now!","last_synced_at":"2026-07-31T16:18:06.182989+00:00","page_url":"https://stenobird.com/podcast/the-invisible-hand-7719857"},"episode":{"title":"The $3 Trillion Corporate Lie That Destroyed American Business","slug":"the-3-trillion-corporate-lie-that-destroyed-american-business","published_at":"2026-07-29T21:48:00+00:00","page_url":"https://stenobird.com/podcast/the-invisible-hand-7719857/the-3-trillion-corporate-lie-that-destroyed-american-business","show_page_url":"https://stenobird.com/podcast/the-invisible-hand-7719857","url":"https://traffic.megaphone.fm/PODAGEN5891358426.mp3?updated=1776261231","audio_url":"https://traffic.megaphone.fm/PODAGEN5891358426.mp3?updated=1776261231","summary":"What if the business strategy taught in every MBA program actually destroyed American companies? In this episode, Emma Reid exposes how \"shareholder primacy\" became corporate America's most expensive mistake, turning CEOs into short-term gamblers and workers into disposable costs. 🎯 What You'll Discover: • How CEO pay exploded from 20x to 320x worker salaries in just 50 years • The 1916 court case that accidentally created today's corporate greed problem • Why companies focusing on stakeholders actually make more money than those obsessing over stock prices • How Jack Welch, the \"master\" of shareholder value, later called it the dumbest idea in business 👤 Perfect for: lifelong learners who want to understand why corporate America feels so broken and anyone tired of hearing \"it's just business\" as an excuse for terrible decisions. 📍 Chapters: [00:00] Emma Reid introduces the $3 trillion lie [01:30] How a 1916 lawsuit broke corporate America [03:45] The explosion of executive compensation [06:15] Why short-term thinking kills long-term profits [08:30] Companies that prove stakeholder value wins [10:45] What this means for your job and investments This isn't just business theory. When companies chase quarterly earnings over everything else, real people lose jobs, communities get abandoned, and even shareholders end up worse off. Emma breaks down how we got here and why some companies are quietly going back to basics. 🔔 Never miss an episode: Follow The Invisible Hand on Spotify or Apple Podcasts and turn on notifications. New episodes drop daily, your next favorite insight is one tap away. 🔍 Topics: shareholder value, CEO compensation, corporate strategy, business ethics, stakeholder capitalism Get new episodes at The Invisible Hand ---- Keywords: business analysis, crypt…","meta_description":"What if the business strategy taught in every MBA program actually destroyed American companies? In this episode, Emma Reid exposes how \"shareholder prima…","key_points":[],"chapters":[],"topics":[],"duration_seconds":745,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-invisible-hand-7719857/episodes/the-3-trillion-corporate-lie-that-destroyed-american-business/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-invisible-hand-7719857/the-3-trillion-corporate-lie-that-destroyed-american-business.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}