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Tom Sutcliffe

Charles Calomiris

Maggie Gee

Harris Irfan

Adair Turner

Katy Hickman

Start the Week: Adair Turner on the Politics of Finance

Adair Turner on the Politics of Finance

24/02/2014

BBC Radio 4 - Start the Week, Adair Turner on the Politics of Finance

Tom Sutcliffe with Adair Turner, Charles Calomiris, Harris Irfan and Maggie Gee.

Tom Sutcliffe discusses financial disasters with economists Adair Turner, Charles Calomiris and Harris Irfan and writer Maggie Gee.

Tom Sutcliffe discusses money with the American economist Charles Calomiris, who looks back at the history of financial disasters and argues that they're caused more by government failures, than individual bankers. The former head of the Financial Services Authority, Adair Turner, might agree on the need for structural changes, but famously said 'heads should roll' in the banking industry, and has damned much of the banks' trading activities as 'socially useless'. If there has been a moral vacuum at the heart of the banking industry, are there lessons to be learnt from Islamic banking? The financial advisor Harris Irfan believes it's a system that is more equitable and transparent. Seventy five years ago Steinbeck's great depression novel, Grapes of Wrath, was published and Maggie Gee explores its legacy and asks where the wrath is now?


Producer: Katy Hickman.

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