Summer time camp is a basic ceremony of passage within the U.S. It is a spot of self-discovery, the place youngsters come to make new associates and tackle new challenges. However what if it had been ALSO a spot the place youngsters got here to learn to survive in a free market economic system?
That is a part of the concept behind a summer time camp at JA BizTown, in Portland, Oregon. Youngsters on the camp run tiny pretend companies in a tiny pretend city. There are retail shops and eating places, insurance coverage firms and energy utilities. As camp begins, a gaggle of kid CEOs take out enterprise loans from their friends within the tiny pretend banking trade – and so they spend the day racing to run their companies profitably sufficient to get out of debt earlier than pickup time.
On at present’s present, Planet Cash takes a romp by means of capitalism summer time camp. Will the youngsters of BizTown have the ability to make ends meet and pay again their loans to the banks? Or will a string of defaults ship this dollhouse economic system into monetary collapse? It is Shark Tank meets Lord of the Flies.
This episode was hosted by Alexi Horowitz-Ghazi and Sally Helm. It was produced by James Sneed, and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Gilly Moon. Planet Cash‘s government producer is Alex Goldmark.
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Music: SourceAudio – “Love Is A Feeling,” “LIKE THIS,” and “Transmission.”