anagnori

Frontline Debates “Four Horsemen” by Jim Treadway

In economics, film, politics, society, video, visual arts on June 13, 2012 at 22:56

 

From: Frontline Debates “Four Horsemen” by Jim Treadway, Frontline Club, http://www.frontlineclub.com (watch the debate on the website)

Daniel Ben-Ami journalist and author of Ferraries for All: In Defense of Economic Progress, argued that the documentaries biggest mistake was to underestimate the role of the state in today’s crisis. Emeritus economics professor Victoria Chick, meanwhile, commented on the documentary’s suggestion that we return to the gold standard.

“I sort of flinched,” she said. “Everything I’ve always known about the gold standard was so repressive, and it was a very deflationary regime. [I] like the courageous quality of Minsky who said, ‘alright, I know banks are unstable, but they’re worth it, because they provide productive investment.’ Well that was when they did lend for productive investment. And now they no longer do.”

Giving voice to the sentiment of the evening, Mark Braund author of Four Horsemen: The Survival Manual complained,

“We have democratic institutions which aren’t delivering democratic outcomes. And that’s because I think too few people are interested enough to engage with what are quite complex ideas about how the ecomony works.”

“X-box, cheap lager, and mass media” were Ashcroft’s culprits for the public’s malaise in the face of a system that he believes is increasingly stacked against them.

At several points, panelists emphasized that change would have to come “from the bottom up,” but as one audience member regretted, what change “from the bottom up” really meant seemed hard to elucidate.

Read more & watch the debate

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: