Is Australia’s Run of Growth and Rising Prosperity Over?
With International best-seller Satyajit Das.
Growth in developed economies is tepid. Even growth in developing countries is slowing. Is this the end of growth and the beginning of a period of economic stagnation?
The recovery from the Global Financial Crisis has not dealt with fundamental problems. Instead policy makers have adopted an official policy of extend and pretend, using cheap money and spending to try to restore growth and create inflation.
With debt based growth unavailable, the global economy has to rely on traditional growth engines –population growth, new markets and productivity/ innovation. But can it restore growth to historical levels?
Poor international growth and a slowing Chinese economy weighs heavily on Australia’s prospects. Is the nation’s unprecedented run of growth and rising prosperity over?
Satyajit Das is a globally respected former banker and consultant with over thirty-five years’ experience in financial markets. He presciently anticipated the Global Financial Crisis as early as 2006, and the subsequent sovereign debt problems, the unsustainable nature of China’s economic success, and the ineffectiveness of the policy actions being taken by authorities in restoring growth. In 2014 Bloomberg nominated him as one of the fifty most influential financial thinkers in the world.
Das is the author of two international best-sellers, Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives (2006) and Extreme Money: The Masters of the Universe and the Cult of Risk (2011). He was featured in Charles Ferguson’s 2010 Oscar-winning documentary Inside Job, the 2012 PBS Frontline series Money, Power & Wall Street, the 2009 BBC TV documentary Tricks with Risk, and the 2015 German film Who’s Saving Whom. His latest book is A Banquet of Consequences: Have We Consumed Our Own Future? (2015).
Date: Tuesday, 10 November
Time: 6:00pm – 7:30pm
Where: The Centre for Independent Studies
Level 4, 38 Oxley Street, St Leonards
Event enquiries: 02 9438 4377
Media enquiries: Karla Pincott | firstname.lastname@example.org |0411 759 934
Copies of Das’ book will be available for sale on the night through the Constant Reader.