As part of the Guardian Open Weekend, Heather Stewart, economics editor of the Observer, discusses the economic downturn with Jayati Ghosh, Will Hutton and John Lanchester. Here, leading economist Ghosh talks about the condition of capitalism in its latest phase of development, observing the climate of fear within the financial sector.
Walking down Wall St in the near future, a child questions its mother:
"Mommy, mommy, what are all those men doing hanging from buildings and light poles?" "They are Bankers, darling, paying the price for their crimes against the people, pay it no mind."
Jayati Ghosh on capitalism since the financial crisis - the Guardian
http://www.youtube.com/watch?feature=player_embedded&v=1iFyH_wl2jY