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Why the 2008 Financial Crisis Is Still With Us - Bailouts, Austerity and the Crisis of Democracy

Watch this discussion that was held on Tuesday 14th May from 17:30-19:00 BST at UCL IIPP. Building on the previous lecture exploring the roots of the 2008 financial crisis, this talk looked at the long term consequences of the crisis and both the political and economic policy response. It focused on the combination of bailout, austerity and quantitative easing, as well as the price of those policies in terms of economic performance and political stability. To conclude this discussion on the 2008 financial crash and the crisis in neoliberal economics, the lecture explored the intellectual opening the crisis created and the ideas that have stemmed from it. The lecture was presented by Professor Damon Silvers, Visiting Professor of Practice at UCL IIPP and Former Deputy Chair of the US Congressional Oversight Panel for Troubled Asset Relief Program.