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The Reith Lectures: Credit crisis to resilience

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Dr Mark Carney

09/12/2020 GMT

Credit crisis to resilience

BBC World Service - The Reith Lectures, Credit crisis to resilienceSearch BBC

Dr Mark Carney charts how we have come to esteem financial value over human value

Dr Mark Carney, the former Governor of the Bank of Canada and the Bank of England, charts how we have come to esteem financial value over human value

Dr Carney takes us back to the high drama of the global financial crash of 2008, which ended a period when bankers saw themselves as unassailable Masters of the Universe. More than a decade on, how much have the bankers changed their ways?  How far has the financial sector changed? Carney says that we must remain vigilant and resist the “three lies of finance.” If we don’t, he warns, we will live with a system which is ill-prepared for the next crisis.

In his four BBC Reith Lectures Dr Mark Carney, the former Governor of the Bank of Canada and the Bank of England, charts how we have come to esteem financial value over human value and how we have gone from market economies to market societies. He argues that this has contributed to a trio of global crises: of credit, Covid and climate. And he outlines how we can turn this around.

(Photo: Outgoing Bank of England governor Mark Carney makes a keynote address at the 2020 United Nations Climate Change Conference. Credit: Tolga Akmen/ Getty Images)

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