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Rana Foroohar: The Rise of Finance and the Fall of American Business

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World Affairs

World Affairs

Күн бұрын

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned-and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is Assistant Managing Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: www.worldaffair...

Пікірлер: 10
@choedzin
@choedzin 8 жыл бұрын
In my opinion, Foroohar's analyses are spot on; especially, of course, concerning the problems of financialization and the need for political unity in Europe. I've been living in Germany for 40 years, and what she says about the "moral" indignation here following the 2008 crisis is also spot on. What I find curious is that Germany's own federal system involves just the kind of transfers she (and I) would recommend for Europe. Rana Foroohar's articles are the main reason I still subscribe to TIME magazine.
@kurtscholz9384
@kurtscholz9384 5 жыл бұрын
The financial transfers in Germany work because it's within one culture. Look at the problem with misappropriation of EU transfer money in Romania to understand, why Europe is not yet there.
@maronmraymon9179
@maronmraymon9179 4 жыл бұрын
As a falsely imprisoned individual, of the U.S. gov, this is hard for me to listen to. The governments logic that finance is too big to fail, therefore shouldn't be well regulated is preposterous.
@darkofius
@darkofius 5 жыл бұрын
I support the arguments that Mrs. Rana Foroohar presents, I also see that Apple might be the richest company in this time, but it will not be for long, other corporations will step in, some of cash cows will inevitably lose attractiveness and the earning capacity (the thrill will be gone, customers will not value the commodity even with Apple logo on it extensively), and some countries other than select will start collecting taxes in subtle ways to minimize capital outflow. Now we see that Russian Central bank unloaded most of debt originating from T bills, and other paper, China could not do it in scale, but might be tempted to do through mega projects across Asia and Africa, City of London bankers will see less and less of petrodollar, and all that got caught in liquidity trap and have been sidestepped by US printed money will not forget, and Europe's bankers should learn, that Damocles sword (dollar liquidity) have been for years over their heads...
@jeanlanz2344
@jeanlanz2344 8 жыл бұрын
Fantastic interview, Rana. I loved your book and I also learn a lot from your Time magazine columns. I'd like to see you address the demographic issue as well as globalization, financialization, and technology as causes of slow economic growth. The aging of the worldwide population due to plummeting birth rates from 40 million abortions worldwide/year, late or no marriage, and widespread contraceptive use are also major causes. Thank you for your consideration. I appreciate your extensive research, interviews and contacts. God bless you and yours.
@marsmotion
@marsmotion 6 жыл бұрын
most of the depop is coming from a bad econ, food with no real nutrition, geoengineering toxicity, and gmo's. all these systems are working together on top of what your mentioning. there is also the reality that more education leads to smaller families which is a good thing. frankly speaking im glad people have access to contraception if they are not planning to take proper responsibility for their making new life in the world. we dont need more people that are going to fall by the way side and make everything worse. i think late term abortion is horrid but early is similar to contraception if it has to happen. lets take care of the people we already have and then worry about more...
@therealthreadkilla
@therealthreadkilla 5 жыл бұрын
ya lost me at the climate change hoax talk
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