Written by John Lounsbury
Econintersect: Tim O’Reilly discusses the impact of financialization of the economy on capitalism, traditional businesses specifically, with Rana Foroohar whose book (considered controversial by some – but not me) has been gathering a lot of attention: Makers and Takers: The Rise of Finance and the Fall of American Business.
From YouTube:
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.
Source: YouTube
