Hat tip to Sam who left the link to this “Must Hear” podcast.
Only lowering our living standards will achieve sustainable growth. That’s the message from Satyajit Das, a former financier who anticipated the GFC. Debt, energy consumption, housing affordability or superannuation – it’s all based on a financial system that’s in fact a completely fictional model. This model was always doomed to fail – eventually.
Beyond growth as we know it – How can we stop consuming our future? was presented by The Rescope Project. 4 February 2017
Das is the author of Traders, Guns & Money and Extreme Money and reference books on derivatives and risk-management. He lives in Sydney, Australia.
Extreme Money was long-listed for the Financial Times/Goldman Sachs Business Book of the Year Award. The Economist reviewed the book, stating that “Satyajit Das is well-placed to comment, having worked both for investment banks and as a consultant advising clients on their use of complex financial products”, however, “the book could have easily been 150 pages shorter without losing its thrust.”
A Banquet of Consequences was released in Australia in 2015. It was released in the United States in 2016 as The Age of Stagnation to avoid it being confused as a cookbook.
Das is a regular commentator on LNL (Late Night Live) on RN (ABC radio’s Radio National), hosted by Phillip Adams.
OR download the mp3 file as I did with your favorite software…..