Andrew Ross Sorkin and Zanny Minton Beddoes on Markets, Crashes and The Future of The Global Economy (Part Two)
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Welcome to Intelligence Squared where great minds meet. I'm producer Mia Serenti. What can the crash that shook Wall Street in 1929 teach us about today's age of technological disruption and market speculation? And this episode will return for part two of our recent live event with author, New York Times columnist and CNBC presenter, Andrew Rossel. Sorkin joined us recently at the Royal Geographical Society to discuss what history can tell us about the future of capitalism.
He was in conversation with editor-in-chief of The Economist, Zanny Minton Beddows. If you haven't heard part one yet, we recommend jumping back an episode to catch up. But now let's return to the conversation live at the Royal Geographical Society. I have two reason two reasons to worry, I think, why this time might be different. Um, 2008, your last book, was really uh w how we learnt the lessons from 1929.
Bernanke really had studied it and and And that was his that was his dissertation, by the way, at Princeton. And we didn't make that mistake again. But this time around, one is Do we have, or does the US, and never mind the UK, we'll come to UK in a second, do we have the capability to do these kind of bailouts? We're drowning in debt, got huge, what the US, 7% of GDP deficit, peacetime, no recession.
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