28 October 2010
Podcast: Where did our money go? Part 1
Andy Wimbush
Communications Officer
Last night nef hosted a special event at the Southbank Centre in London to celebrate and galvanise our campaign for The Great Transition. We were delighted that the event sold out, but this meant that lots of people weren't able to come who had wanted to, not to mention all of our friends and supporters who couldn't get to London last night.
Luckily, we have the full audio recording of the event, courtesy of the Southbank Centre. Below is the first part. The second half will be uploaded soon. Listen and enjoy! (If you can't see a Windows Media Player box below, click here to download the MP3)
PART 1: The Great Transition: desirable and possible
00.00.00 - Introduction from Andrew Simms (nef policy director).
00.09.45 - Panel discussion chaired by Stewart Wallis (nef executive director)
00.12.14 - Ann Pettifor (author of The Coming First World Debt Crisis): Where did our money go, how did we let it get this way, and what can we do about it?
00.15.44 - Tim Jackson (author of Prosperity without Growth): What does a flourishing world without economic growth look like?
00.20.56 - Vivienne Westwood (creator of the Active Resistance to Propaganda Manifesto): What can we all do about the challenges we face? How do we make change happen, and what opportunities does breaking free on consumerism open up?
00.28.13 - Rosie Boycott (activist, organic farmer and chair of London Food): in making the great transition, one of the most fundamental questions we have to answer is how we feed ourselves. What signs of hope are there that things can be done differently, what challenges do we face and what can we do now?
00.39.21 - Audience questions
00.58.31 - Ruth Potts (nef co-ordinator of the Great Transition) reads an extract from Hope in the Dark by Rebecca Solnit
This is Part 1 of a 2 part series. Listen to Part 2.
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Comments
28 Oct 2010 at 11:57
jim gilliland
wonderful podcast - so glad you've put this up on the net, so folks from the parishes (such as me) can access the information, views and (wonderful) questions arise from the subject matter. excellent stuff! more please?28 Oct 2010 at 21:07
Andy Sontag
This is just brilliant. I love the diverse perspectives. We can not wait to for the great transition to fall at our door step. We must all take action. The NEF is a wonderful place to get the imagination necessary for the change. Buy from local sustainable and socially responsible businesses.31 Oct 2010 at 17:19
George Talbot
So far, the Bank of England has only created £200bn of Quantitative Easing. Although it calls this central bank money, it was a low interest rate loan that an intermediary used to buy good assets in selected markets, often government bonds. This raised the price of the assets so reducing yields. It has improved banks’ balance sheets and slightly raised investment and demand. Ann Pettifor doesn’t mention that government has bought so many shares in our banks that it owns some of them. This is not taxpayer’s money but money borrowed at low interest rates. If the banks recover, the shares may be worth more than government paid for them. I don’t know if it could make an overall profit! Government has also insured bank deposits. It charges fees and like any insurance company, if things go well, could make a profit. If they went very badly, government would have to borrow huge amounts. Many blame the banks for the credit crunch. They surely should have known better! But the cause was low wages and more savings than could be profitably invested. Then a search for yield caused bad lending and a crash became inevitable. I like Richard Wolff’s explanatory Economic History, a seven minutes video on http://vimeo.com/1863172. “The story is about wages and profits, not just banks and credit. That’s the tip of the iceberg.”28 Feb 2011 at 22:54
zoorrurbums
After avoiding the wave of protests sweeping the Middle East for months, Oman has entered its third day of continuous economic demonstrations. Local media is reporting that demonstrators have set fire to a supermarket, cars, a police station, houses, and the governor’s residence amid protests http://123144.csmonitor.com - calling for economic hswhfjweidjwejdjan21123h12 calling for economic improvements and government reform .