Financial scandal in Ireland, what would an American bank regulator and prosecutor do? We talk to Professor Bill Black, former US banking regulator and lead investigator in the US "Savings and Loans" scandal of the early 1990s. Some hard truths. Also, on the week Stripe - run by two software engineers - invest big time in Ireland, we look at why countries that favour innovators over rent-seekers, grow faster. Engineers who innovate make things, create wealth, whereas prestigious occupations like bankers, lawyers, management consultants and stock-brokers just shuffle other people's money around. For countries to grow in the 21st century, the entrepreneurs – not the rent-seekers – need to be the chosen ones.

Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.