Financial Market: What Would the Next Crisis Look Like | Economics | ENDEVR Documentary
Financial Market: What Would the Next Crisis Look Like | Economics | Business Documentary from 2020
After the last financial crisis everyone agreed that the system needed to change. But since then, our sense of distrust in the markets has grown. Now, with fears of another bust looming, what can be done to restore trust in the bankers? Since the 70s, the idea that self-regulation is the best and most efficient way to govern the markets has taken root. Even after the crash of 2008, there has been no major change in the way in which bankers work. Instead, a shadow finance industry has been allowed to develop, enabling the rich to avoid paying tax and creating financial and political instability. There’s a pervading sense that our politicians are mainly interested in protecting the markets and that the system is rigged to serve the rich. But as we face the biggest challenge of our time, which is also the biggest risk of causing economic shock, could this be about to change?
By looking back at past crisis and examining the challenges faced today, this investigation reveals how we can reclaim the reigns of finance – and reinvent it.
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