Channel: Gresham College

Category: Education

Tags: politicscovideducationlondonkeynesnational debtgreat depressionfinancial crisiseconomydow jonesdebategdpgreshampublicacademiachinagresham college99% rulecapitalismlecturefederal reservedebtknowledge

Description: ‘Hyper-globalisation’ and the power of finance culminated in the global financial crisis of 2008 that was potentially as severe as the Great Depression. The outcome was not public spending but austerity that hit the poor and Quantitative Easing that benefited the assets of the rich. The result was inequality and precarity, with barely any improvement in the standard of living for most by the time Covid hit. What signs are there of a much-needed transformation in attitudes to the economy? A lecture by Martin Daunton The transcript and downloadable versions of the lecture are available from the Gresham College website: gresham.ac.uk/watch-now/financial-crisis Gresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: gresham.ac.uk/support Website: gresham.ac.uk Twitter: twitter.com/greshamcollege Facebook: facebook.com/greshamcollege Instagram: instagram.com/greshamcollege