After the Crisis: How to Tell the Forest from the Trees when You Are not Yet out of the Woods

Blyth   |   Mark Blyth   |   financial market   |   finance   |   political economy   |   Economics
יום רביעי 22/02/12, 18:30 עד 20:00

מגיבים: Prof. Reuben Gronau, Dr. Tal Sadeh

 

Since 2007 the world's financial markets have been in turmoil and the price of saving them from themselves has been the transformation of private into public debt, sclerotic growth, high unemployment, and a diet of austerity as far as the eye can see. Yet despite the banks blowing a $4 trillion dollar hole in financial spacetime, they have still managed to award themselves nearly $3 trillion dollars in compensation since the crisis. Profits are privatized while losses are socialized. How we got here, and how we can get out of this situation is the subject of this talk.